IFP Advisors Inc Sells 8,380 Shares of 3M Company $MMM

Key Points

• IFP Advisors cut its 3M stake by 56.9% in the second quarter, selling 8,380 shares and retaining 6,343 shares valued at approximately $1.03 million.
• Several institutional investors increased their holdings, and institutions collectively own 65.25% of 3M. The stock recently opened at $164.83, versus a 52-week range of $139.34 to $184.90.
• 3M exceeded quarterly earnings expectations with $2.40 in EPS and $6.50 billion in revenue, while maintaining FY 2026 EPS guidance of $8.80–$8.95. The company also declared a $0.78 quarterly dividend, equivalent to a 1.9% annual yield.

IFP Advisors Inc reduced its position in shares of 3M Company (NYSE:MMM - Free Report) by 56.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,343 shares of the conglomerate's stock after selling 8,380 shares during the quarter. IFP Advisors Inc's holdings in 3M were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MMM. California State Teachers Retirement System lifted its stake in shares of 3M by 16,438.5% in the second quarter. California State Teachers Retirement System now owns 129,994,625 shares of the conglomerate's stock worth $21,047,430,000 after buying an additional 129,208,611 shares in the last quarter. SG Americas Securities LLC grew its stake in 3M by 653.6% during the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate's stock valued at $344,178,000 after acquiring an additional 2,055,419 shares in the last quarter. Amundi grew its stake in 3M by 67.0% during the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate's stock valued at $734,448,000 after acquiring an additional 1,819,178 shares in the last quarter. Ascentis Wealth Management LLC raised its holdings in 3M by 22,972.5% in the 2nd quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate's stock valued at $56,259,000 after acquiring an additional 345,966 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 3M by 7.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate's stock worth $637,202,000 after purchasing an additional 270,458 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

3M Price Performance

3M stock opened at $164.83 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The firm has a market cap of $85.00 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.01. The company's 50 day moving average is $172.02 and its two-hundred day moving average is $159.25.

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

3M Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. 3M's dividend payout ratio (DPR) is currently 55.42%.

Insider Activity

In other news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares in the company, valued at approximately $2,561,527.85. This trade represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein increased their price target on 3M from $140.00 to $145.00 and gave the company an "underperform" rating in a report on Wednesday, July 22nd. Weiss Ratings raised 3M from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. raised shares of 3M from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $178.00 to $180.00 in a research report on Friday, July 17th. Citigroup upped their price objective on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of 3M from $123.00 to $132.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, 3M has an average rating of "Hold" and an average target price of $177.21.

About 3M

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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