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

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

3M declared a quarterly dividend on Tuesday, February 4th. Shareholders of record on Friday, February 14th will be given a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 annualized dividend and a yield of 3.94%. The ex-dividend date is Thursday, February 13th. This is a boost from 3M's previous quarterly dividend of $1.44. View 3M's Dividend History.

3M declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

3M Co (NYSE:MMM) announced its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share 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 analyst estimates of $8.12 billion. 3M had a return on equity of 51.39% and a net margin of 14.22%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for 3M.

3M updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share (EPS) guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12 month price targets for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's stock price to reach $173.45 in the next twelve months. This suggests a possible upside of 16.2% 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.

News headlines about MMM stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. 3M earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media coverage about the conglomerate a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for 3M.

3M saw a decrease in short interest in the month of February. As of February 14th, there was short interest totalling 8,910,000 shares, a decrease of 16.7% from the January 30th total of 10,690,000 shares. Based on an average daily trading volume, of 2,820,000 shares, the short-interest ratio is currently 3.2 days. Approximately 1.6% of the company's stock are sold short. View 3M's Current Options Chain.

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), FRESENIUS SE &/S (FSNUY), DexCom (DXCM), ResMed (RMD), Teleflex (TFX), Insulet (PODD), Novocure (NVCR), Hill-Rom (HRC), ABIOMED (ABMD), 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), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG), Verizon Communications (VZ), Intel (INTC), Exxon Mobil (XOM) and Boeing (BA).

3M's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (7.36%), Massachusetts Financial Services Co. MA (1.90%), Geode Capital Management LLC (1.63%), Bank of New York Mellon Corp (1.05%), Franklin Resources Inc. (0.83%) and Charles Schwab Investment Management Inc. (0.81%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, 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 Fiera Capital Corp, First Eagle Investment Management LLC, Franklin Resources Inc., DekaBank Deutsche Girozentrale, Russell Investments Group Ltd., Janus Henderson Group PLC, Personal Capital Advisors Corp and Principal Financial Group Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale and Ty R Silberhorn. View Insider Buying and Selling for 3M.

MMM stock was purchased by a variety of institutional investors in the last quarter, including American International Group Inc., Alliancebernstein L.P., Bank of New York Mellon Corp, Schroder Investment Management Group, FMR LLC, First Trust Advisors LP, Pictet Asset Management Ltd. and Stifel Financial Corp. 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 $149.24.

3M has a market capitalization of $85.82 billion and generates $32.14 billion in revenue each year. The conglomerate earns $4.57 billion in net income (profit) each year or $9.10 on an earnings per share basis. 3M employs 96,163 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.