About William Harris Investors
William Harris Investors, Inc. (WHI) is a family-based professional asset management firm with more than $1 billion in capital under management. The firm also provides fiduciary services, personal financial planning and cash management, accounting, administrative, tax preparation, and philanthropic services. It primarily provides its services to individuals, typically high net worth individuals; pooled investment vehicles; charitable organizations; and corporations. The firm invests in the public equity markets of the United States. It also invests in real estate, alternative investment vehicles, and conventional securities. The firm primarily makes direct and indirect investments, ranging from direct venture capital, private and public equities, and real estate investments, to indirect investments with external third party hedge funds, private equity, and real estate managers.
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Latest William Harris Investors News
Sep 24, 2016
Tweet William Harris Investors Inc. maintained its position in shares of 3M Co. (NYSE:MMM) during the second quarter, Holdings Channel reports. The institutional investor owned 2,058 shares of the company’s stock at the end of the second quarter. William Harris Investors Inc.’s holdings in 3M were worth $361,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of 3M by 5.0% in the first quarter. Geode Capital Management LLC now owns 5,330,612 shares of the company’s stock worth $886,575,000 after buying an additional 251,776 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of 3M by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 5,008,441 shares of the company’s stock worth $834,557,000 after buying an additional 60,719 shares during the last quarter. BlackRock Group LTD boosted its position in shares of 3M by 6.3% in the first quarter. BlackRock Group LTD now owns 4,993,026 shares of the company’s stock worth $831,988,000 after buying an additional 297,153 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 3M by 10.6% in the first quarter. Wellington Management Group LLP now owns 3,970,813 shares of the company’s stock worth $661,657,000 after buying an additional 381,798 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of 3M by 10.8% in the second quarter. American Century Companies Inc. now owns 2,836,134 shares of the company’s stock worth $496,664,000 after buying an additional 276,535 shares during the last quarter. Institutional investors own 65.66% of the company’s stock. Shares of 3M Co. ( NYSE:MMM ) traded down 1.37% during mid-day trading on Friday, hitting $177.39. The stock had a trading volume of 1,910,978 shares. The stock’s 50-day moving average is $178.87 and its 200 day moving average is $172.29. The firm has a market capitalization of $107.21 billion, a price-to-earnings ratio of 22.64 and a beta of 1.07. 3M Co. has a 1-year low of $134.64 and a 1-year high of $182.27. 3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.01. 3M had a net margin of 16.29% and a return on equity of 41.84%. The business earned $7.70 billion during the quarter, compared to analyst estimates of $7.73 billion. During the same period in the prior year, the business posted $2.02 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Equities research analysts predict that 3M Co. will post $8.21 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given a dividend of $1.11 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.44 annualized dividend and a yield of 2.50%. 3M’s payout ratio is 56.63%. MMM has been the subject of a number of research reports. Credit Suisse Group AG reiterated a “buy” rating on shares of 3M in a research note on Sunday, July 10th. Jefferies Group reaffirmed a “buy” rating on shares of 3M in a research report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $164.00 target price on shares of 3M in a research report on Thursday, August 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of 3M in a research report on Monday, June 27th. Finally, Morgan Stanley reaffirmed a “sell” rating and set a $168.00 target price on shares of 3M in a research report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $167.11. In other news, VP Khandpur K. Ashish sold 1,679 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.39, for a total transaction of $299,516.81. Following the completion of the transaction, the vice president now directly owns 1,011 shares of the company’s stock, valued at $180,352.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, insider Paul A. Keel sold 3,180 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.39, for a total transaction of $567,280.20. Following the transaction, the insider now directly owns 9,961 shares of the company’s stock, valued at $1,776,942.79. The disclosure for this sale can be found here . Company insiders own 0.58% of the company’s stock. 3M Company Profile 3M Company is a technology company. The Company operates through five segments. Its Industrial segment serves markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. Its Safety and Graphics segment serves markets for the safety, security and productivity of people, facilities and systems. Want to see what other hedge funds are holding MMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3M Co. (NYSE:MMM). Receive News & Ratings for 3M Co. 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William Harris Investors Team
1 Team Member
William Harris Investors has 1 team member, including current Managing Partner, Adam Schecter.