Teachers Insurance & Annuity Association Of America Trimmed Its Holding in Public Storage (PSA) by $301,098 as Market Value Rose; 3M Co (MMM) Shareholder Panagora Asset Management Has Decreased Holding as Stock Value Declined – The Hi New Ulm

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Teachers Insurance & Annuity Association Of America decreased its stake in Public Storage (PSA) by 0.78% based on its latest 2018Q3 regulatory filing with the SEC. Teachers Insurance & Annuity Association Of America sold 1,498 shares as the company’s stock rose 1.05% while stock markets declined. The institutional investor held 190,086 shares of the real estate investment trusts company at the end of 2018Q3, valued at $38.33M, down from 191,584 at the end of the previous reported quarter. Teachers Insurance & Annuity Association Of America who had been investing in Public Storage for a number of months, seems to be less bullish one the $36.77 billion market cap company. The stock increased 0.35% or $0.73 during the last trading session, reaching $210.57. About 1.15M shares traded or 13.31% up from the average. Public Storage (NYSE:PSA) has risen 2.69% since February 9, 2018 and is uptrending. It has outperformed by 2.69% the S&P500.

Panagora Asset Management Inc decreased its stake in 3M Co (MMM) by 83.04% based on its latest 2018Q3 regulatory filing with the SEC. Panagora Asset Management Inc sold 71,644 shares as the company’s stock declined 6.86% with the market. The institutional investor held 14,628 shares of the medical and dental instruments company at the end of 2018Q3, valued at $3.08 million, down from 86,272 at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $115.21B market cap company. The stock decreased 0.01% or $0.02 during the last trading session, reaching $199.82. About 1.45 million shares traded. 3M Company (NYSE:MMM) has declined 17.47% since February 9, 2018 and is downtrending. It has underperformed by 17.47% the S&P500. Some Historical MMM News: 29/03/2018 – Poland 3M Wibor at 1.72% by End-2Q18 vs 1.73% Prior (Survey); 05/03/2018 – 3M appoints Michael Roman CEO; Inge Thulin will become chairman of board; 24/04/2018 – 3M CO SEES FY EPS $8.68 TO $9.03, SAW $10.20 TO $10.70; 24/04/2018 – 3M CO 1Q EPS 98C; 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard; 15/05/2018 – AT&T Says It Added More Than 3M Subscribers Over Past 4 Qtrs in Mexico; 04/04/2018 – 3M: Marlene McGrath to Retire July 1; 15/05/2018 – Amphenol Corporation vs 3M Innovative Properties Company | Terminated-Dismissed | 05/15/2018; 09/03/2018 – North American Above-the-neck Personal Protective Equipment Market Forecast to 2022 – 3M and Honeywell Likely to Continue to Dominate – ResearchAndMarkets.com; 24/05/2018 – Malaysia 3M Interbank Yield at 3.70% by End-2Q18 (Survey)

Among 19 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 7 Sell and 10 Hold. Therefore 11% are positive. Public Storage had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets on Monday, September 11 with “Sell”. The firm has “Underperform” rating by Robert W. Baird given on Tuesday, November 28. The firm has “Neutral” rating by Bank of America given on Thursday, July 20. The company was maintained on Monday, November 27 by Jefferies. Citigroup maintained it with “Neutral” rating and $200 target in Thursday, March 1 report. Jefferies maintained the shares of PSA in report on Wednesday, August 10 with “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, May 11. The stock of Public Storage (NYSE:PSA) has “Equal-Weight” rating given on Tuesday, July 17 by Barclays Capital. The stock of Public Storage (NYSE:PSA) earned “Sell” rating by Morgan Stanley on Wednesday, December 13. The stock of Public Storage (NYSE:PSA) has “Hold” rating given on Monday, March 5 by Jefferies.

Teachers Insurance & Annuity Association Of America, which manages about $1.31B US Long portfolio, upped its stake in Easterly Govt Pptys Inc by 18,301 shares to 78,664 shares, valued at $1.52 million in 2018Q3, according to the filing. It also increased its holding in Alexandria Real Estate Eq In (NYSE:ARE) by 2,740 shares in the quarter, for a total of 133,857 shares, and has risen its stake in Prologis Inc (NYSE:PLD).

Analysts await Public Storage (NYSE:PSA) to report earnings on February, 19. They expect $2.79 EPS, up 1.45% or $0.04 from last year’s $2.75 per share. PSA’s profit will be $487.13 million for 18.87 P/E if the $2.79 EPS becomes a reality. After $2.70 actual EPS reported by Public Storage for the previous quarter, Wall Street now forecasts 3.33% EPS growth.

More notable recent Public Storage (NYSE:PSA) news were published by: Seekingalpha.com which released: “Public Storage – How Low Can You Go? – Seeking Alpha” on October 13, 2016, also Seekingalpha.com with their article: “Public Storage: Locking Down Returns – Seeking Alpha” published on January 25, 2019, Fool.com published: “How to Use This REIT Loophole to Make Big Money – The Motley Fool” on September 11, 2018. More interesting news about Public Storage (NYSE:PSA) were released by: Seekingalpha.com and their article: “Public Storage: A PSA For PSA – Strike While The Iron Is Hot – Seeking Alpha” published on December 05, 2018 as well as Fool.com‘s news article titled: “3 Stocks I’ll Hold Forever – Motley Fool” with publication date: September 27, 2018.

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Wednesday, March 30 with “Underweight”. Stifel Nicolaus maintained the shares of MMM in report on Wednesday, December 13 with “Hold” rating. As per Wednesday, September 20, the company rating was downgraded by JP Morgan. The rating was maintained by J.P. Morgan with “Sell” on Thursday, January 18. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, July 19. Stifel Nicolaus has “Hold” rating and $20200 target. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 24 report. The firm earned “Buy” rating on Wednesday, October 24 by Citigroup. Deutsche Bank maintained 3M Company (NYSE:MMM) on Tuesday, August 25 with “Hold” rating. UBS maintained the shares of MMM in report on Friday, July 24 with “Buy” rating. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Tuesday, December 12.

Panagora Asset Management Inc, which manages about $37.15B and $26.57 billion US Long portfolio, upped its stake in Gms Inc by 33,415 shares to 202,584 shares, valued at $4.70M in 2018Q3, according to the filing. It also increased its holding in Brightcove (NASDAQ:BCOV) by 111,634 shares in the quarter, for a total of 214,103 shares, and has risen its stake in E Trade Financial Corp (NASDAQ:ETFC).

Since September 10, 2018, it had 1 buy, and 3 insider sales for $5.45 million activity. 1,000 3M Company (NYSE:MMM) shares with value of $184,500 were bought by PAGE GREGORY R. The insider Hammes Eric D. sold $274,752.

Investors sentiment increased to 1.03 in Q3 2018. Its up 0.06, from 0.97 in 2018Q2. It is positive, as 47 investors sold MMM shares while 535 reduced holdings. 117 funds opened positions while 480 raised stakes. 371.40 million shares or 0.76% less from 374.25 million shares in 2018Q2 were reported. Oppenheimer And stated it has 43,607 shares or 0.23% of all its holdings. Northeast Investment Mngmt invested 2.31% of its portfolio in 3M Company (NYSE:MMM). Clean Yield Grp Incorporated, a Vermont-based fund reported 17,788 shares. Reilly Ltd Co accumulated 825 shares. Livingston Gp Asset Mgmt Co (Operating As Southport Capital Management) invested in 0.83% or 9,310 shares. Eastern Bancorp stated it has 0.17% of its portfolio in 3M Company (NYSE:MMM). Koshinski Asset Mgmt owns 0.59% invested in 3M Company (NYSE:MMM) for 19,745 shares. Sg Americas Securities Limited Liability Company holds 0.13% or 84,665 shares. Cap Inv Counsel invested 0.16% of its portfolio in 3M Company (NYSE:MMM). Dumont And Blake Inv Ltd invested in 9,796 shares or 0.8% of the stock. Shelter Mutual Ins Commerce has 2.16% invested in 3M Company (NYSE:MMM). Montecito Bancorp Tru invested in 7,051 shares or 0.44% of the stock. Davis owns 1,300 shares or 0.15% of their US portfolio. Gardner Russo & Gardner accumulated 1,140 shares. Court Place Ltd Company stated it has 1,341 shares or 0.11% of all its holdings.

3M Company (NYSE:MMM) Institutional Positions Chart

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