As Euronet Worldwide (EEFT) Share Price Rose, Holder Sheets Smith Wealth Management Has Increased Stake; 3M Co (MMM) Shareholder Spectrum Management Group Trimmed Its Position

September 14, 2018 - By Maria Fierro

3M Company (NYSE:MMM) Logo

Spectrum Management Group Inc decreased its stake in 3M Co (MMM) by 85.51% based on its latest 2018Q2 regulatory filing with the SEC. Spectrum Management Group Inc sold 6,272 shares as the company’s stock rose 0.89% with the market. The institutional investor held 1,063 shares of the medical and dental instruments company at the end of 2018Q2, valued at $209,000, down from 7,335 at the end of the previous reported quarter. Spectrum Management Group Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $121.55 billion market cap company. The stock decreased 0.88% or $1.84 during the last trading session, reaching $207.21. About 899,445 shares traded. 3M Company (NYSE:MMM) has declined 1.40% since September 14, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 05/03/2018 – 3M Michael Roman Appointed CEO; 07/03/2018 – APPLE SAYS IT TRAINED 3M SUPPLIER WORKERS ON RIGHTS IN 2017; 08/03/2018 – Minnesota AG: Summary of 3M Settlement; 24/04/2018 – [PAV] PAVILLON HOLDINGS : 3M UNPAID LEAVE FOR ZHENG FENGWEN, EX; 24/04/2018 – 3M SEES FY 2018 ADJ. EPS $10.20 TO $10.55/SHR, EST. $10.53; 22/03/2018 – 3M Introduces New Molecular Method for Campylobacter; 24/04/2018 – 3M Had Seen 2018 Organic Local-Currency Sales Growth 3%-5%; 21/05/2018 – 3M SEES SOLID ECONOMY TO AID COMPANY: COO MIKE ROMAN; 30/04/2018 – 3M Announces FDA Clearance Of New Biological Indicator System Providing 24-Minute Results For Steam Sterilization; 05/03/2018 – 3M Appoints Michael Roman CEO, Inge Thulin to Become Executive Chairman

Sheets Smith Wealth Management increased its stake in Euronet Worldwide Inc (EEFT) by 107.31% based on its latest 2018Q2 regulatory filing with the SEC. Sheets Smith Wealth Management bought 4,551 shares as the company’s stock rose 18.65% with the market. The institutional investor held 8,792 shares of the finance company at the end of 2018Q2, valued at $737,000, up from 4,241 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Euronet Worldwide Inc for a number of months, seems to be bullish on the $5.19B market cap company. The stock increased 0.04% or $0.04 during the last trading session, reaching $101.7. About 139,215 shares traded. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 3.34% since September 14, 2017 and is uptrending. It has underperformed by 12.28% the S&P500. Some Historical EEFT News: 19/03/2018 – Euronet Conference Call Scheduled By Northland for Mar. 27; 10/04/2018 – EURONET INDIA TO POWER YES BANK’S CORE PAYMENT INFRASTRUCTURE; 07/05/2018 – Euronet Worldwide Buys 400 Easycash Branded ATMs in Ireland From Ulster Bank; 25/04/2018 – EURONET BUYS INNOVA TAX FREE GROUP, EXPANDS MERCHANT ACQUIRING; 07/05/2018 – EURONET WORLDWIDE INC – ANNOUNCES ACQUISITION OF ABOUT 400 EASYCASH BRANDED ATMS IN IRELAND, FROM ULSTER BANK; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Euronet; 31/05/2018 – New Research Coverage Highlights Constellation Brands, Yintech Investment, EZCORP, Euronet Worldwide, Fidelity National Financi; 24/04/2018 – EURONET 1Q REV. $550.5M, EST. $536.0M; 24/04/2018 – Euronet Worldwide 1Q EPS 49c; 24/04/2018 – Euronet Worldwide 1Q Adj EPS 73c

Since September 10, 2018, it had 0 insider buys, and 1 sale for $274,752 activity.

Investors sentiment increased to 0.97 in 2018 Q2. Its up 0.20, from 0.77 in 2018Q1. It improved, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Family Capital Tru Communication holds 1.44% or 16,496 shares in its portfolio. Woodstock stated it has 45,732 shares or 1.66% of all its holdings. Spf Beheer Bv holds 353,667 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.95% invested in 3M Company (NYSE:MMM) for 2.05M shares. Moreover, Research And Mgmt Commerce has 0.05% invested in 3M Company (NYSE:MMM) for 735 shares. Cohen Lawrence B stated it has 14,330 shares. Meiji Yasuda Life Ins holds 5,569 shares or 0.15% of its portfolio. Anderson Hoagland stated it has 0.78% of its portfolio in 3M Company (NYSE:MMM). 6,079 are held by Rampart Inv Ltd Llc. Walter & Keenan Financial Consulting Mi Adv invested 1.54% in 3M Company (NYSE:MMM). Miller Invest Mgmt LP reported 0.58% of its portfolio in 3M Company (NYSE:MMM). Plancorp Ltd Liability Corporation owns 8,429 shares for 0.66% of their portfolio. Guggenheim Cap Ltd Liability Com invested in 181,037 shares or 0.24% of the stock. Hrt Ltd Liability Company, New York-based fund reported 1,022 shares. Delta Capital Mgmt Ltd Limited Liability Company has 16,002 shares.

Analysts await 3M Company (NYSE:MMM) to report earnings on October, 23. They expect $2.73 earnings per share, up 17.17% or $0.40 from last year’s $2.33 per share. MMM’s profit will be $1.60B for 18.98 P/E if the $2.73 EPS becomes a reality. After $2.59 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

More recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Can China Drive 3M’s Next Dividend Growth Leg?” on September 14, 2018. Also Seekingalpha.com published the news titled: “3M Company (MMM) Management Presents at Morgan Stanley 6th Annual Laguna Conference (Transcript)” on September 12, 2018. Seekingalpha.com‘s news article titled: “RBC: Costs will be 3M overhang until results” with publication date: September 12, 2018 was also an interesting one.

Spectrum Management Group Inc, which manages about $448.94M and $287.59 million US Long portfolio, upped its stake in Automatic Data Processing In (NASDAQ:ADP) by 4,769 shares to 19,860 shares, valued at $2.66M in 2018Q2, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 2,930 shares in the quarter, for a total of 5,925 shares, and has risen its stake in Accenture Plc Ireland (NYSE:ACN).

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 97 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Tuesday, February 13. The firm has “Hold” rating given on Thursday, January 25 by RBC Capital Markets. On Thursday, January 21 the stock rating was initiated by Citigroup with “Buy”. The rating was downgraded by JP Morgan on Wednesday, September 20 to “Underweight”. The company was maintained on Wednesday, October 26 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, July 26 by Citigroup. The firm earned “Outperform” rating on Friday, September 25 by Credit Suisse. As per Tuesday, April 24, the company rating was maintained by Jefferies. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, December 14. The firm has “Underperform” rating given on Friday, July 24 by RBC Capital Markets.

Since May 15, 2018, it had 0 buys, and 12 selling transactions for $27.76 million activity. NEWMAN JEFFREY B sold $486,300 worth of Euronet Worldwide, Inc. (NASDAQ:EEFT) on Wednesday, September 5. WELLER RICK had sold 57,458 shares worth $5.55 million on Wednesday, August 22. Caponecchi Kevin J sold $4.99M worth of stock or 60,889 shares. The insider Bruckner Martin L. sold 22,126 shares worth $2.15M.

Sheets Smith Wealth Management, which manages about $700.54M and $427.26M US Long portfolio, decreased its stake in Iqvia Hldgs Inc by 3,157 shares to 55,700 shares, valued at $5.56M in 2018Q2, according to the filing. It also reduced its holding in Ishares Tr (DVY) by 7,114 shares in the quarter, leaving it with 9,701 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment decreased to 0.76 in 2018 Q2. Its down 0.19, from 0.95 in 2018Q1. It turned negative, as 38 investors sold EEFT shares while 93 reduced holdings. 29 funds opened positions while 70 raised stakes. 47.15 million shares or 1.42% less from 47.83 million shares in 2018Q1 were reported. Country Club Tru Na, a Missouri-based fund reported 2,535 shares. Moreover, California State Teachers Retirement has 0.01% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT). Morgan Stanley holds 0% or 15,406 shares. Fiera holds 161,546 shares or 0.06% of its portfolio. Schwab Charles Investment Management holds 0.02% or 327,735 shares in its portfolio. New Amsterdam Ltd Company New York, New York-based fund reported 38,222 shares. Tocqueville Asset Management Limited Partnership accumulated 6,475 shares. Northwest Invest Counselors Limited Liability reported 4,867 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 801,481 shares. Clark Cap Mgmt Grp holds 21,649 shares or 0.05% of its portfolio. Envestnet Asset Mgmt stated it has 7,722 shares. 1.14M were accumulated by Fil Limited. United Services Automobile Association stated it has 18,738 shares. Victory Capital Incorporated accumulated 2.62 million shares or 0.47% of the stock. Grp accumulated 1,055 shares or 0% of the stock.

Euronet Worldwide, Inc. (NASDAQ:EEFT) Institutional Positions Chart

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