Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Holdings in 3M Company (NYSE:MMM)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in 3M Company (NYSE:MMM - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,781 shares of the conglomerate's stock after selling 9,532 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of 3M worth $56,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MMM. REAP Financial Group LLC increased its stake in 3M by 88.7% during the 4th quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in 3M during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. bought a new stake in 3M during the 4th quarter valued at about $28,000. Curat Global LLC bought a new stake in 3M during the 1st quarter valued at about $29,000. Finally, Meeder Asset Management Inc. increased its stake in 3M by 230.1% during the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 214 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MMM. Barclays set a $170.00 price objective on shares of 3M in a research note on Friday, July 18th. Wells Fargo & Company restated an "overweight" rating on shares of 3M in a research note on Friday, July 18th. JPMorgan Chase & Co. set a $167.00 price objective on shares of 3M in a research note on Friday, July 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of 3M in a research note on Saturday, July 12th. Finally, Citigroup lifted their price target on shares of 3M from $141.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.33.

3M Price Performance

NYSE:MMM traded up $1.37 during trading hours on Friday, hitting $150.67. 1,805,864 shares of the stock traded hands, compared to its average volume of 3,896,540. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 2.87. 3M Company has a 1 year low of $112.68 and a 1 year high of $164.15. The company has a market cap of $80.25 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02. The stock has a 50 day moving average price of $150.03 and a 200 day moving average price of $146.02.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Friday, July 18th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.09 billion. 3M had a return on equity of 96.48% and a net margin of 16.01%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.93 EPS. Sell-side analysts forecast that 3M Company will post 7.8 EPS for the current fiscal year.

3M Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.94%. 3M's dividend payout ratio (DPR) is presently 40.61%.

Insider Buying and Selling at 3M

In other news, EVP Zoe L. Dickson sold 7,915 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $149.02, for a total value of $1,179,493.30. Following the transaction, the executive vice president owned 6,127 shares of the company's stock, valued at approximately $913,045.54. The trade was a 56.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Patrick Banovetz sold 7,759 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $148.37, for a total transaction of $1,151,202.83. Following the completion of the transaction, the executive vice president directly owned 31,372 shares in the company, valued at $4,654,663.64. This trade represents a 19.83% decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

3M Profile

3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.