Ameritas Advisory Services LLC Has $1.86 Million Stock Holdings in 3M Company $MMM

Key Points

• Ameritas Advisory Services increased its 3M stake by 163.1% in the second quarter, ending with 11,465 shares valued at approximately $1.86 million. Institutional investors collectively own 65.25% of 3M’s stock.
• Analysts maintain a mixed outlook, with a consensus “Hold” rating and an average price target of $177.21. Recent targets range from $175 to $192, while Goldman Sachs reiterated a “Buy” rating.
• 3M exceeded quarterly earnings and revenue expectations, reporting $2.40 EPS and $6.50 billion in revenue. The company also announced a quarterly dividend of $0.78 per share, representing a 1.9% annualized yield.

Ameritas Advisory Services LLC boosted its holdings in shares of 3M Company (NYSE:MMM - Free Report) by 163.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,465 shares of the conglomerate's stock after purchasing an additional 7,108 shares during the quarter. Ameritas Advisory Services LLC's holdings in 3M were worth $1,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC acquired a new position in 3M during the 4th quarter valued at $28,000. Compass Financial Management LLC acquired a new stake in 3M in the 2nd quarter worth $38,000. Cornerstone Planning Group LLC increased its holdings in shares of 3M by 32.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate's stock worth $42,000 after purchasing an additional 71 shares during the period. Sfam LLC bought a new position in shares of 3M during the 4th quarter worth about $45,000. Finally, West Paces Advisors Inc. acquired a new position in shares of 3M during the second quarter valued at about $49,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

MMM has been the subject of several research reports. Citigroup increased their target price on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $192.00 price target on shares of 3M in a research note on Wednesday, July 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of 3M in a research report on Wednesday, July 22nd. Jefferies Financial Group lifted their price objective on 3M from $170.00 to $175.00 and gave the stock a "hold" rating in a report on Monday, June 29th. Finally, Weiss Ratings upgraded 3M from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, 3M presently has a consensus rating of "Hold" and a consensus target price of $177.21.

3M Stock Down 1.9%

NYSE MMM opened at $164.35 on Thursday. 3M Company has a 1-year low of $139.34 and a 1-year high of $184.90. The company has a market capitalization of $84.76 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.21 and a beta of 1.01. The stock's 50 day moving average is $171.89 and its two-hundred day moving average is $159.29. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.15. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.3M's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Equities analysts forecast that 3M Company will post 8.96 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 24th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. 3M's dividend payout ratio (DPR) is 55.42%.

Insider Activity

In related news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares of the company's stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

3M Profile

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.

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