State Of Alaska Department Of Revenue Increases Stake in Paychex (PAYX); 3M Co (MMM) Stock Price Declined While Wealth Architects Has Cut by $358,375 Its Position

April 21, 2018 - By Vivian Park

Paychex, Inc. (NASDAQ:PAYX) Logo

Wealth Architects Llc decreased its stake in 3M Co (MMM) by 8.88% based on its latest 2017Q4 regulatory filing with the SEC. Wealth Architects Llc sold 1,525 shares as the company’s stock declined 8.03% with the market. The institutional investor held 15,642 shares of the medical and dental instruments company at the end of 2017Q4, valued at $3.68 million, down from 17,167 at the end of the previous reported quarter. Wealth Architects Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $129.50B market cap company. The stock decreased 0.50% or $1.1 during the last trading session, reaching $217.75. About 2.63M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 21, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

State Of Alaska Department Of Revenue increased its stake in Paychex Inc (PAYX) by 135.96% based on its latest 2017Q4 regulatory filing with the SEC. State Of Alaska Department Of Revenue bought 23,610 shares as the company’s stock declined 12.35% with the market. The institutional investor held 40,975 shares of the consumer services company at the end of 2017Q4, valued at $2.79M, up from 17,365 at the end of the previous reported quarter. State Of Alaska Department Of Revenue who had been investing in Paychex Inc for a number of months, seems to be bullish on the $21.68 billion market cap company. The stock decreased 0.97% or $0.59 during the last trading session, reaching $60.34. About 2.57M shares traded or 7.13% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 21, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24 before the open. They expect $2.50 EPS, up 15.74% or $0.34 from last year’s $2.16 per share. MMM’s profit will be $1.49B for 21.78 P/E if the $2.50 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

Since October 27, 2017, it had 0 insider buys, and 21 selling transactions for $34.51 million activity. The insider Gangestad Nicholas C sold $936,291. Shin Hak Cheol had sold 1,900 shares worth $474,944 on Thursday, February 1. THULIN INGE G had sold 6,823 shares worth $1.59 million on Friday, October 27. 2,826 shares valued at $700,790 were sold by Bauman James L on Friday, February 2. Shares for $351,708 were sold by Little Frank R Jr.. Keel Paul A sold $3.33 million worth of stock or 13,480 shares.

Wealth Architects Llc, which manages about $529.39 million and $305.71M US Long portfolio, upped its stake in Vanguard Specialized Funds Div App Etf (VIG) by 31,429 shares to 85,711 shares, valued at $8.75 million in 2017Q4, according to the filing.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 83 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, October 25 by Stifel Nicolaus. The rating was upgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 25. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Friday, September 15. RBC Capital Markets has “Hold” rating and $209.0 target. On Friday, May 26 the stock rating was maintained by Jefferies with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 22. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, April 26. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was maintained by UBS on Wednesday, March 30 with “Buy”. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $225 target.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue holds 114,300 shares or 0.64% of its portfolio. Marble Harbor Counsel Limited Liability Company holds 51,877 shares. Janney Ltd Co holds 68,515 shares. Oakbrook Invs Ltd Liability Corporation has 0.14% invested in 3M Company (NYSE:MMM) for 9,191 shares. Amundi Pioneer Asset Mngmt Incorporated holds 0.26% or 708,326 shares in its portfolio. Bragg Advisors owns 19,488 shares for 0.66% of their portfolio. Goelzer Invest Mngmt holds 26,857 shares or 0.71% of its portfolio. Crestpoint Capital Mngmt Ltd, Missouri-based fund reported 1,100 shares. Homrich Berg holds 0.2% or 12,618 shares in its portfolio. Minneapolis Port Management Grp Ltd Liability Com has 108,430 shares for 3.48% of their portfolio. Principal Fin Grp reported 0.26% of its portfolio in 3M Company (NYSE:MMM). Ameritas Inv Prtnrs accumulated 0.16% or 16,254 shares. Brinker accumulated 1,104 shares. Fundsmith Llp, United Kingdom-based fund reported 2.69M shares. Wealthcare Cap Mgmt holds 0% of its portfolio in 3M Company (NYSE:MMM) for 10 shares.

State Of Alaska Department Of Revenue, which manages about $4.19B US Long portfolio, decreased its stake in Hormel Foods Corp (NYSE:HRL) by 14,200 shares to 59,430 shares, valued at $2.16 million in 2017Q4, according to the filing. It also reduced its holding in Vornado Rlty Tr (NYSE:VNO) by 5,163 shares in the quarter, leaving it with 113,985 shares, and cut its stake in Acadia Rlty Tr (NYSE:AKR).

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It dropped, as 39 investors sold PAYX shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. 7.84M are held by National Bank & Trust Of New York Mellon Corporation. Moreover, Mufg Americas Holding has 0.25% invested in Paychex, Inc. (NASDAQ:PAYX). The California-based American Money Llc has invested 1.87% in Paychex, Inc. (NASDAQ:PAYX). Burns J W stated it has 70,746 shares. Professional Advisory Services holds 3,800 shares. Smith Chas P And Associate Pa Cpas accumulated 0.06% or 6,954 shares. Huntington National Bank & Trust invested 0.02% in Paychex, Inc. (NASDAQ:PAYX). Livforsakringsbolaget Skandia Omsesidigt holds 4,898 shares. 150,000 are owned by Markel Corp. Northwestern Mutual Wealth Mngmt holds 24,162 shares. Jolley Asset Limited Com reported 1,750 shares. Peddock Cap Limited Liability has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Dimensional Fund Advsrs Lp has 994,430 shares for 0.03% of their portfolio. Ledyard Financial Bank reported 2,771 shares. Captrust Financial holds 0.02% in Paychex, Inc. (NASDAQ:PAYX) or 4,952 shares.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, June 28 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, December 21 by Robert W. Baird. The firm has “Hold” rating by William Blair given on Friday, July 21. The firm earned “Underperform” rating on Thursday, October 1 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sell” on Wednesday, June 28. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by RBC Capital Markets on Sunday, September 10. Wells Fargo maintained the shares of PAYX in report on Wednesday, October 4 with “Market Perform” rating. The rating was maintained by Stifel Nicolaus on Monday, March 26 with “Hold”. The rating was downgraded by Zacks to “Hold” on Friday, September 4. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by Compass Point on Thursday, December 22.

Since January 4, 2018, it had 0 buys, and 3 insider sales for $9.83 million activity. On Thursday, March 29 the insider Gioja Michael E sold $6.78 million.

3M Company (NYSE:MMM) Institutional Positions Chart

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