Edgewood Management Decreased By $2.29 Million Its 3M Co (MMM) Holding; Grifols S.A. – American Depositary Shares (GRFS) Shorts Decreased By 1.17%

May 25, 2018 - By Natalie Daughtry

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Grifols S.A. – American Depositary Shares (NASDAQ:GRFS) had a decrease of 1.17% in short interest. GRFS’s SI was 1.11 million shares in May as released by FINRA. Its down 1.17% from 1.12M shares previously. With 720,800 avg volume, 2 days are for Grifols S.A. – American Depositary Shares (NASDAQ:GRFS)’s short sellers to cover GRFS’s short positions. The SI to Grifols S.A. – American Depositary Shares’s float is 0.1%. The stock decreased 1.12% or $0.25 during the last trading session, reaching $22.14. About 340,181 shares traded. Grifols, S.A. (NASDAQ:GRFS) has risen 11.04% since May 25, 2017 and is uptrending. It has underperformed by 0.51% the S&P500.

Edgewood Management Llc decreased 3M Co (MMM) stake by 1.39% reported in 2017Q4 SEC filing. Edgewood Management Llc sold 9,724 shares as 3M Co (MMM)’s stock declined 8.03%. The Edgewood Management Llc holds 689,541 shares with $162.30M value, down from 699,265 last quarter. 3M Co now has $118.16 billion valuation. The stock decreased 0.19% or $0.38 during the last trading session, reaching $199.03. About 1.67M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 25, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Among 5 analysts covering Grifols SA (NASDAQ:GRFS), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Grifols SA had 8 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Buy” rating by Berenberg on Tuesday, February 9. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, January 4 report. As per Wednesday, December 2, the company rating was downgraded by HSBC. The rating was downgraded by Berenberg on Friday, November 20 to “Hold”. The stock has “Overweight” rating by JP Morgan on Tuesday, January 3. Nomura initiated Grifols, S.A. (NASDAQ:GRFS) on Thursday, March 17 with “Buy” rating.

More news for Grifols, S.A. (NASDAQ:GRFS) were recently published by: Seekingalpha.com, which released: “3Pea Is A Payment Processor With >40% Organic Growth Selling For Half Of Peer Multiples” on May 23, 2018. Prnewswire.com‘s article titled: “Grifols Expands its Blood Typing Solutions Portfolio in the United States with Antisera Reagents” and published on May 14, 2018 is yet another important article.

Grifols, S.A., a specialty pharmaceutical company, develops, makes, and distributes biological medicines on plasma derived proteins in the United States, Canada, Spain, rest of the European Union, and internationally. The company has market cap of $18.25 billion. The firm specializes in providing infusion solutions, nutrition products, and medical devices for use in hospitals and clinics. It has a 37.18 P/E ratio. It operates through four divisions: Bioscience, Diagnostic, Hospital, and Raw Materials and Others.

Edgewood Management Llc increased Alphabet Inc stake by 16,635 shares to 1.14 million valued at $1.20 billion in 2017Q4. It also upped Visa Inc (NYSE:V) stake by 220,762 shares and now owns 14.28M shares. Nvidia Corp (NASDAQ:NVDA) was raised too.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Tuesday, April 24 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Thursday, February 15 by Stifel Nicolaus. The firm has “Underperform” rating by RBC Capital Markets given on Tuesday, August 4. RBC Capital Markets maintained it with “Hold” rating and $20900 target in Tuesday, July 25 report. RBC Capital Markets maintained the stock with “Underperform” rating in Wednesday, December 16 report. Hilliard Lyons upgraded the shares of MMM in report on Wednesday, January 24 to “Buy” rating. The rating was maintained by Citigroup on Monday, October 9 with “Buy”. On Friday, April 28 the stock rating was maintained by Credit Suisse with “Buy”. As per Wednesday, December 16, the company rating was maintained by UBS. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Friday, January 26.

More notable recent 3M Company (NYSE:MMM) news were published by: Livetradingnews.com which released: “3M Company (NYSE:MMM) Stock Worth Watching” on May 23, 2018, also Seekingalpha.com with their article: “Jefferies cautious on 3M amid rate, recession fears” published on May 16, 2018, Seekingalpha.com published: “3M Stumbles, And The Knives Come Out” on April 26, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Investorplace.com and their article: “Resistance Looms Large for 3M Co Stock — Short It!” published on May 11, 2018 as well as Investorplace.com‘s news article titled: “7 Dow Titans Rolling Over” with publication date: May 25, 2018.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 18.92 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

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