Ramsay Stattman Vela & Price Has Trimmed 3M Company (MMM) Holding by $348,608; Market Value Rose; As Oaktree Cap Group (OAK) Share Price Rose, Hollow Brook Wealth Management Has Increased by $2.27 Million Its Holding

December 8, 2017 - By Clifton Ray

Ramsay Stattman Vela & Price Inc decreased its stake in 3M Company (MMM) by 4.1% based on its latest 2017Q2 regulatory filing with the SEC. Ramsay Stattman Vela & Price Inc sold 1,676 shares as the company’s stock rose 7.02% with the market. The institutional investor held 39,159 shares of the medical and dental instruments company at the end of 2017Q2, valued at $8.15 million, down from 40,835 at the end of the previous reported quarter. Ramsay Stattman Vela & Price Inc who had been investing in 3M Company for a number of months, seems to be less bullish one the $143.13B market cap company. The stock increased 0.68% or $1.63 during the last trading session, reaching $240.3. About 1.37 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since December 8, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Hollow Brook Wealth Management Llc increased its stake in Oaktree Cap Group Llc (OAK) by 265.9% based on its latest 2017Q2 regulatory filing with the SEC. Hollow Brook Wealth Management Llc bought 49,401 shares as the company’s stock rose 0.33% with the market. The institutional investor held 67,980 shares of the finance company at the end of 2017Q2, valued at $3.17 million, up from 18,579 at the end of the previous reported quarter. Hollow Brook Wealth Management Llc who had been investing in Oaktree Cap Group Llc for a number of months, seems to be bullish on the $6.78B market cap company. The stock increased 1.17% or $0.5 during the last trading session, reaching $43.4. About 196,034 shares traded or 4.44% up from the average. Oaktree Capital Group, LLC (NYSE:OAK) has risen 0.83% since December 8, 2016 and is uptrending. It has underperformed by 15.87% the S&P500.

Hollow Brook Wealth Management Llc, which manages about $366.00 million and $145.57M US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 139,491 shares to 11,741 shares, valued at $394,000 in 2017Q2, according to the filing.

Among 9 analysts covering Oaktree Capital Group (NYSE:OAK), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Oaktree Capital Group had 26 analyst reports since July 30, 2015 according to SRatingsIntel. On Friday, December 16 the stock rating was downgraded by Bank of America to “Neutral”. The rating was maintained by Oppenheimer with “Hold” on Tuesday, July 18. The stock of Oaktree Capital Group, LLC (NYSE:OAK) earned “Hold” rating by Oppenheimer on Thursday, June 29. The stock of Oaktree Capital Group, LLC (NYSE:OAK) has “Outperform” rating given on Tuesday, August 8 by Morgan Stanley. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, August 11 report. The firm has “Underweight” rating given on Thursday, October 13 by Barclays Capital. Barclays Capital maintained Oaktree Capital Group, LLC (NYSE:OAK) rating on Tuesday, August 11. Barclays Capital has “Equal Weight” rating and $49.0 target. The stock of Oaktree Capital Group, LLC (NYSE:OAK) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, September 20. The stock has “Buy” rating by Deutsche Bank on Friday, March 11. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”.

Another recent and important Oaktree Capital Group, LLC (NYSE:OAK) news was published by Seekingalpha.com which published an article titled: “Oaktree Announces Agreement for $250M Senior Notes Offering” on November 17, 2017.

Investors sentiment decreased to 1.23 in Q2 2017. Its down 0.17, from 1.4 in 2017Q1. It dropped, as 17 investors sold OAK shares while 45 reduced holdings. 22 funds opened positions while 54 raised stakes. 33.59 million shares or 2.00% more from 32.94 million shares in 2017Q1 were reported. Fmr Ltd stated it has 0.02% in Oaktree Capital Group, LLC (NYSE:OAK). Bamco Ny invested in 0.47% or 1.95M shares. First Foundation Advisors reported 0.17% of its portfolio in Oaktree Capital Group, LLC (NYSE:OAK). Hsbc Public Ltd Company, United Kingdom-based fund reported 4,333 shares. Renaissance Techs Limited Com invested in 0.01% or 237,370 shares. M&R Capital Mgmt Incorporated, New York-based fund reported 1,580 shares. 50,000 were accumulated by Grp. Markel has 0.85% invested in Oaktree Capital Group, LLC (NYSE:OAK) for 850,500 shares. Moreover, Guyasuta Inv Advsrs Inc has 0.15% invested in Oaktree Capital Group, LLC (NYSE:OAK) for 27,061 shares. Raymond James Fincl Advsr owns 5,252 shares for 0% of their portfolio. Fifth Third Financial Bank holds 0% or 97 shares in its portfolio. Osborne Ptnrs Ltd accumulated 84,733 shares or 0.56% of the stock. Salem Investment Counselors Inc holds 47,936 shares or 0.26% of its portfolio. Mraz Amerine And Associate Inc reported 15,280 shares or 0.22% of all its holdings. Invesco owns 2.93M shares.

More notable recent 3M Company (NYSE:MMM) news were published by: Startribune.com which released: “3M gives $8 million more to University of Minnesota Driven Campaign” on December 05, 2017, also Streetinsider.com with their article: “3M Co. (MMM) Reports Patent Infringement Lawsuit to Protect Dental Restorative …” published on December 04, 2017, Bloomberg.com published: “3M Faces New Cancer Claims in Minnesota’s $5 Billion Lawsuit” on November 20, 2017. More interesting news about 3M Company (NYSE:MMM) were released by: Bizjournals.com and their article: “Drucker Institute ranks 3M among best-managed US companies (Slideshow)” published on December 07, 2017 as well as Startribune.com‘s news article titled: “3M sues Kerr Corp. alleging dental-patent infringement” with publication date: December 04, 2017.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.00 earnings per share, up 6.38% or $0.12 from last year’s $1.88 per share. MMM’s profit will be $1.19B for 30.04 P/E if the $2.00 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -14.16% negative EPS growth.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. It improved, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Monetary Mgmt Gru Incorporated holds 0.1% or 1,150 shares. Moreover, Chilton Inv Company Ltd Company has 0.33% invested in 3M Company (NYSE:MMM). Ballentine Partners Ltd Liability Co reported 0.09% of its portfolio in 3M Company (NYSE:MMM). Riverhead Cap Mgmt Limited Company stated it has 0.11% in 3M Company (NYSE:MMM). The Maine-based Spinnaker Tru has invested 15.71% in 3M Company (NYSE:MMM). Moreover, Destination Wealth Mgmt has 0.03% invested in 3M Company (NYSE:MMM). Fuller & Thaler Asset Inc owns 5,900 shares for 0.02% of their portfolio. First Bankshares Of Omaha invested in 1.36% or 104,681 shares. 21,456 are owned by Boston And Mgmt. 8,397 were accumulated by Northstar Grp. 133,724 were reported by Gam Ag. Moreover, Macguire Cheswick Tuttle Inv Counsel Limited Com has 0.13% invested in 3M Company (NYSE:MMM) for 3,081 shares. Canandaigua National Bank & Trust Company stated it has 20,274 shares. 34,947 were accumulated by Ferguson Wellman Capital Management. Finance Corporation invested in 3,766 shares or 0.39% of the stock.

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