3M Company (MMM) Holder Park National Trimmed Its Position; Hamlin Capital Management Has Raised Holding in Umpqua Hldgs (UMPQ) by $11.76 Million

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Park National Corp decreased its stake in 3M Company (MMM) by 4.22% based on its latest 2019Q3 regulatory filing with the SEC. Park National Corp sold 8,118 shares as the company’s stock rose 3.33% . The institutional investor held 184,472 shares of the medical and dental instruments company at the end of 2019Q3, valued at $30.33M, down from 192,590 at the end of the previous reported quarter. Park National Corp who had been investing in 3M Company for a number of months, seems to be less bullish one the $97.00 billion market cap company. The stock increased 0.14% or $0.23 during the last trading session, reaching $168.79. About 1.93 million shares traded. 3M Company (NYSE:MMM) has declined 15.40% since December 15, 2018 and is downtrending. It has underperformed by 15.40% the S&P500. Some Historical MMM News: 30/05/2018 – Mediagazer: Sources: London Evening Standard strikes a £3M deal with six companies including Uber and Google that erases; 02/04/2018 – Johnson Controls’ Power Solutions draws initial PE interest; 24/04/2018 – 3M 1Q Net $602M; 09/05/2018 – LifeSignals Launches Life Signal(TM) Processor Product Family, Developed with Support of 3M and STMicroelectronics; 29/03/2018 – Poland 3M Wibor at 1.72% by End-2Q18 vs 1.73% Prior (Survey); 13/04/2018 – Canada 3M CDOR Yield at 1.93% by End-3Q vs 1.90% Prior (Survey); 24/04/2018 – 3M CO 1Q EPS 98C; 15/05/2018 – SOROS FUND MANAGEMENT – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 24/04/2018 – [PAV] PAVILLON HOLDINGS : 3M UNPAID LEAVE FOR ZHENG FENGWEN, EX; 15/05/2018 – Amphenol Corporation vs 3M Innovative Properties Company | Terminated-Dismissed | 05/15/2018

Hamlin Capital Management Llc increased its stake in Umpqua Hldgs Corp (UMPQ) by 26.07% based on its latest 2019Q3 regulatory filing with the SEC. Hamlin Capital Management Llc bought 734,772 shares as the company’s stock rose 4.22% . The institutional investor held 3.55M shares of the savings institutions company at the end of 2019Q3, valued at $58.48M, up from 2.82M at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Umpqua Hldgs Corp for a number of months, seems to be bullish on the $3.90B market cap company. The stock increased 0.40% or $0.07 during the last trading session, reaching $17.57. About 4.31M shares traded or 239.82% up from the average. Umpqua Holdings Corporation (NASDAQ:UMPQ) has declined 5.83% since December 15, 2018 and is downtrending. It has underperformed by 5.83% the S&P500. Some Historical UMPQ News: 08/03/2018 – Accellion Named to KMWorld’s 2018 100 Companies That Matter in Knowledge Management; 07/05/2018 – Umpqua Presenting at Conference May 9; 20/04/2018 – UMPQUA HOLDINGS CORP UMPQ.O : KBW RAISES TARGET PRICE TO $27 FROM $25; 18/04/2018 – Umpqua Holdings 1Q EPS 35c; 18/04/2018 – UMPQUA 1Q EPS 35C, EST. 28C; 08/05/2018 – Umpqua Presenting at Conference Tomorrow; 15/03/2018 – UMPQUA BOOSTS QTRLY DIV TO 20C/SHR FROM 18C, EST. 22C; 18/04/2018 – UMPQUA 1Q NET INTEREST MARGIN 3.96%; 18/04/2018 – UMPQUA 1Q EPS 35C; 29/03/2018 – First Foundation Bank Expands Banking Team, Adds New Branch Managers and Relationship Banker

Analysts await 3M Company (NYSE:MMM) to report earnings on February, 4. They expect $2.13 EPS, down 7.79% or $0.18 from last year’s $2.31 per share. MMM’s profit will be $1.22 billion for 19.81 P/E if the $2.13 EPS becomes a reality. After $2.58 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -17.44% negative EPS growth.

Investors sentiment increased to 0.89 in 2019 Q3. Its up 0.03, from 0.86 in 2019Q2. It is positive, as 67 investors sold MMM shares while 540 reduced holdings. 129 funds opened positions while 414 raised stakes. 370.13 million shares or 1.49% less from 375.71 million shares in 2019Q2 were reported. 5,745 were accumulated by Iberiabank Corp. Gould Asset Mngmt Ca has invested 1.22% in 3M Company (NYSE:MMM). Ipswich Investment Incorporated reported 22,509 shares. First Heartland Consultants Incorporated holds 0.04% of its portfolio in 3M Company (NYSE:MMM) for 1,218 shares. Madison Investment Holdg accumulated 0.01% or 4,355 shares. Nine Masts Cap Limited holds 0% or 5,330 shares. Barclays Public Limited Company holds 0.12% or 1.18 million shares in its portfolio. Arvest Bancorp Division has 0.01% invested in 3M Company (NYSE:MMM). Tradewinds Mgmt Ltd Limited Liability Company invested 0.07% of its portfolio in 3M Company (NYSE:MMM). First Citizens Bancshares & Tru Company stated it has 0.11% of its portfolio in 3M Company (NYSE:MMM). Bkd Wealth Advsr Ltd Liability Corporation holds 0.27% in 3M Company (NYSE:MMM) or 20,547 shares. Pathstone Family Office Limited Liability Company has 360 shares. Merriman Wealth Management Lc stated it has 1,540 shares or 0.05% of all its holdings. Aqr Capital Mngmt Limited Liability Company reported 574,897 shares stake. Chemung Canal Tru has 7,817 shares.

Park National Corp, which manages about $1.84B US Long portfolio, upped its stake in Cvs Health Corporation (NYSE:CVS) by 34,473 shares to 158,428 shares, valued at $9.99 million in 2019Q3, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 4,451 shares in the quarter, for a total of 343,471 shares, and has risen its stake in Waste Management Inc (NYSE:WM).

More notable recent 3M Company (NYSE:MMM) news were published by: Fool.com which released: “7 Stocks This Legendary Investor Recently Bought – The Motley Fool” on November 22, 2019, also Fool.com with their article: “Will 3M Raise Its Dividend in 2020? – The Motley Fool” published on November 25, 2019, Seekingalpha.com published: “3M to divest drug delivery business – Seeking Alpha” on December 12, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: Finance.Yahoo.com and their article: “Stocks – Wall Street Hits New Highs on Trade Deal Reports – Yahoo Finance” published on December 12, 2019 as well as Seekingalpha.com‘s news article titled: “3M slips 1% as Citi downgrades stock – Seeking Alpha” with publication date: December 09, 2019.

More notable recent Umpqua Holdings Corporation (NASDAQ:UMPQ) news were published by: Fool.com which released: “Umpqua Holdings Corp (UMPQ) Q3 2019 Earnings Call Transcript – Motley Fool” on October 17, 2019, also Nasdaq.com with their article: “Factors Setting the Tone for Abercrombie (ANF) in Q3 Earnings – Nasdaq” published on November 18, 2019, Seekingalpha.com published: “Umpqua Holdings: Priced For Recession With A 5.45% Yield – Seeking Alpha” on September 01, 2019. More interesting news about Umpqua Holdings Corporation (NASDAQ:UMPQ) were released by: Nasdaq.com and their article: “Umpqua Holdings Corporation (UMPQ) Ex-Dividend Date Scheduled for March 28, 2019 – Nasdaq” published on March 27, 2019 as well as Prnewswire.com‘s news article titled: “Umpqua Bank Named Oregon’s Most Admired Financial Services Company – PRNewswire” with publication date: December 10, 2019.

Investors sentiment decreased to 0.93 in Q3 2019. Its down 0.04, from 0.97 in 2019Q2. It turned negative, as 24 investors sold UMPQ shares while 107 reduced holdings. 39 funds opened positions while 83 raised stakes. 179.40 million shares or 1.70% less from 182.51 million shares in 2019Q2 were reported. State Of Tennessee Treasury Department has 0.02% invested in Umpqua Holdings Corporation (NASDAQ:UMPQ) for 240,071 shares. Pub Employees Retirement Systems Of Ohio holds 201,706 shares or 0.02% of its portfolio. Invesco Limited has 0% invested in Umpqua Holdings Corporation (NASDAQ:UMPQ) for 892,389 shares. Point72 Asset Mngmt Lp accumulated 53,100 shares. Financial Corp invested in 0% or 67 shares. Dimensional Fund Advsr Limited Partnership holds 0.06% or 9.66M shares in its portfolio. Swiss Bancshares holds 414,925 shares or 0.01% of its portfolio. Fisher Asset Limited Liability Com stated it has 0.06% of its portfolio in Umpqua Holdings Corporation (NASDAQ:UMPQ). Manufacturers Life Comm The owns 326,872 shares. Northern stated it has 0.01% in Umpqua Holdings Corporation (NASDAQ:UMPQ). Federated Invsts Pa holds 71,189 shares or 0% of its portfolio. Vanguard Group Inc Incorporated stated it has 0.01% of its portfolio in Umpqua Holdings Corporation (NASDAQ:UMPQ). Employees Retirement Association Of Colorado holds 0% or 38,249 shares. Signaturefd Ltd accumulated 1,376 shares or 0% of the stock. Texas Permanent School Fund stated it has 149,876 shares.

Hamlin Capital Management Llc, which manages about $2.70B and $2.22 billion US Long portfolio, decreased its stake in Old Rep Intl Corp (NYSE:ORI) by 191,730 shares to 3.21M shares, valued at $75.67 million in 2019Q3, according to the filing. It also reduced its holding in Chevron Corp New (NYSE:CVX) by 38,855 shares in the quarter, leaving it with 638,697 shares, and cut its stake in At&T Inc (NYSE:T).

3M Company (NYSE:MMM) Institutional Positions Chart