NYSE:MMM - 3M Stock Price, Forecast & News

3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."

3M announced a quarterly dividend on Tuesday, November 12th. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.44 per share on Thursday, December 12th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, November 21st. View 3M's Dividend History.

3M declared that its board has initiated a stock repurchase program on Tuesday, November 13th 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

3M Co (NYSE:MMM) issued its quarterly earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.12 billion. 3M had a return on equity of 54.02% and a net margin of 15.48%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. View 3M's Earnings History.

3M issued an update on its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus estimate of $9.61. The company issued revenue guidance of $32 billion to $32.74 billion, compared to the consensus revenue estimate of $33.70 billion.

11 brokerages have issued 12 month target prices for 3M's stock. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's stock price to reach $173.63 in the next year. This suggests a possible upside of 4.9% from the stock's current price. View Analyst Price Targets for 3M.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 3M.

Media stories about MMM stock have trended positive on Wednesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. 3M earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for 3M.

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), FRESENIUS SE &/S (FSNUY), ResMed (RMD), DexCom (DXCM), Teleflex (TFX), Insulet (PODD), Novocure (NVCR), ABIOMED (ABMD), Hill-Rom (HRC), Penumbra (PEN), Haemonetics (HAE) and Globus Medical (GMED).

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Cisco Systems (CSCO), Exxon Mobil (XOM), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG), Intel (INTC), Verizon Communications (VZ) and Boeing (BA).

3M's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.23%), New York State Teachers Retirement System (0.14%), Commerzbank Aktiengesellschaft FI (0.12%), Boston Trust Walden Corp (0.08%), Marathon Asset Management LLP (0.08%) and SPF Beheer BV (0.06%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Frank R Jr Little, Gregory R Page, Hak Cheol Shin, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn. View Institutional Ownership Trends for 3M.

MMM stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Riverbridge Partners LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Strs Ohio, Janney Montgomery Scott LLC, Nisa Investment Advisors LLC, Boston Trust Walden Corp and Perennial Advisors LLC. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Julie L Bushman, Khandpur K Ashish, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn. View Insider Buying and Selling for 3M.

MMM stock was acquired by a variety of institutional investors in the last quarter, including Nippon Life Global Investors Americas Inc., Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, Investors Financial Group LLC, Fluent Financial LLC, Johanson Financial Advisors Inc., Tealwood Asset Management Inc. and Manning & Napier Group LLC. Company insiders that have bought 3M stock in the last two years include David B Dillon and Gregory R Page. View Insider Buying and Selling for 3M.

Shares of MMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MMM stock can currently be purchased for approximately $165.58.

3M has a market capitalization of $95.22 billion and generates $32.77 billion in revenue each year. The conglomerate earns $5.35 billion in net income (profit) each year or $10.46 on an earnings per share basis. 3M employs 93,516 workers across the globe.View Additional Information About 3M.

The official website for 3M is http://www.3m.com/.

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The conglomerate can be reached via phone at 651-733-1110.