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Marshwinds Advisory Company downgrades 3M stock

According to the recent filing with the Securities and Exchange Commission (SEC), about 8.9% stake in 3M Company was lowered by the Marshwinds Advisory Company during the fourth quarter. The company currently owns 21,004 shares after selling 2,049 shares amid session. Approximately 1.7% of Marshwinds Advisory Company’s holdings is accounted by 3M, which claims the 17th largest position. Marshwinds Advisory Company’s holding in 3M amounted to $3,164,000 as per recent filing with the SEC.

Many institutional investors made changes in the company’s stock. Janus Capital Management upgraded shares in 3M Co by 0.8% amid the third quarter. It now owns 3,309,372 shares worth $469,170,000 after purchasing an additional 27,085 shares amid prior quarter. Eagle Asset Management added shares by 243.7% in the third quarter. It now owns 1,011,324 shares with a value of $143,374,000 after purchasing an additional 717,118 shares amid prior quarter. National increased shares by 0.7% in the fourth quarter. It now owns about 185,158 shares with a total value of $27,892,000 after purchasing an additional 1,222 share amid prior quarter. 


Chelsea Counsel Company lifted shares by 5.9% in the third quarter. It now owns 118,728 shares amounting to $16,832,000 after purchasing an additional 6,568 shares amid prior quarter. Lastly, Fulton Bank upgraded shares by 36.7% in the fourth quarter and now owns 19,668 shares valued at $2,963,000 after purchasing an additional 5,276 shares amid prior quarter. 

Company shares of 3M Co declined by 1.52% during session on Wednesday, and hit $138.72. Shares worth 2,598,252 traded hands. The market cap of the firm stands at $85.41 billion along with a 17.93 P/E ratio. The stock registered a $134.00 12-month low, while $170.50 of 12-month high. It posted a 50-day moving average of $151.41, while a $150.08 was noted in its 200-day moving average.

3M Co recently issued its financial earnings for the quarter on October 22nd. It posted a quarterly earnings per share (EPS) of $2.05, beating the consensus estimate of $2.01 by $0.04. Amid the same quarter prior year, the company earned an earnings per share of $1.98. Its quarterly revenue settled at $7.71 billion, topping the consensus estimate of $7.85 billion. The business’s quarterly revenue dropped by about 5.2% compared to the same quarter prior year. Analysts are expecting 3M Co to post an EPS of $7.55 for the current fiscal year.  

Many research firms currently weigh in on the 3M stock. RBC Capital reassigned a rating of “sell” on December 17th. Credit Suisse upgraded shares from a rating of “neutral” to an “outperform” and lowered their price objective from $160.00 to $155.00 on September 25th. Barclays increased their price objective from $135.00 to $150.00 and issued a rating of “equal weight” on October 23rd. Morgan Stanley slashed off their price objective from $156.00 to $147 on October 7th. Lastly, Zacks Investment Research downgraded its rating from “hold” to a “sell” on October 27th. One analysts of which gave a sell rating on the stock, five issued a rating of hold, four assigned a rating of buy, and one set a rating of strong buy. The average rating of the firm stands at “Hold” along with a $159.89 consensus price objective.  


On the October 27th transaction, CEO Inge G. Thulin sold 52,000 shares. The average price of the sold shares settled at $155.85 with a total transaction value of $8,104,200.00. After the acquisition, the chief executive officer now owns 100,905 shares, valued at $15,726,044.25. The transaction was disclosed in a filing with the SEC.

Furthermore, on the October 30th transaction, VP Joaquin Delgado sold 11,370 shares. The average price of the sold shares settled at $158.29 with a total value of $1,799,757.30. After the sale, the executive vice president now owns 14,568 shares, amounting to $2,305,968.72.

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    تداول العملات الأجنبية

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    التداول عبر الانترنت

    ويشمل التداول عبر الإنترنت شراء المتكرر وبيع الأسهم والسلع، وأزواج العملات التي تسعى إلى توليد الأرباح في فترة قصيرة من الزمن. أنها تنطوي على أدوات التحليل الفني مثل المتوسطات المتحركة وتستخدم مؤشرات التذبذب العشوائية لتحديد أي أسهم تستحق الشراء اعتبارا من لحظة ومساعدة التجار في عملية صنع الصفقات.


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