NYSE:MMM3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MMM shares have increased by 6.7% and is now trading at $157.07. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for 3M.

3M is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for 3M.

3M will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3M Co (NYSE:MMM) announced its quarterly earnings data on Tuesday, April, 28th. The conglomerate reported $2.16 EPS for the quarter, topping the consensus estimate of $2.03 by $0.13. The conglomerate had revenue of $8.08 billion for the quarter, compared to analysts' expectations of $7.86 billion. 3M had a net margin of 15.37% and a return on equity of 50.24%. The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 earnings per share. View 3M's earnings history.

3M announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $1.47 per share on Friday, June 12th. This represents a $5.88 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, May 21st. View 3M's dividend history.

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

12 Wall Street analysts have issued 12 month price objectives for 3M's stock. Their forecasts range from $148.00 to $180.00. On average, they expect 3M's stock price to reach $164.25 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View analysts' price targets for 3M.

Media stories about MMM stock have trended extremely negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 3M earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave news coverage about the conglomerate a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about 3M.

3M saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,220,000 shares, a decrease of 12.9% from the May 31st total of 8,290,000 shares. Based on an average trading volume of 4,670,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.3% of the shares of the stock are short sold. 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), DexCom (DXCM), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), ABIOMED (ABMD), Hill-Rom (HRC), Penumbra (PEN), Novocure (NVCR), Tandem Diabetes Care (TNDM) and Globus Medical (GMED). View all competitors.

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

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

3M's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.10%), Park National Corp OH (0.03%), Birch Capital Management LLC (0.00%), Smithbridge Asset Management Inc. DE (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Thomasville National Bank (0.00%). 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 Confluence Investment Management LLC, Smithbridge Asset Management Inc. DE, Cox Capital Mgt LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, Thomasville National Bank, and M&R Capital Management Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn. View insider buying and selling activity for 3M.

MMM stock was bought by a variety of institutional investors in the last quarter, including Park National Corp OH, Birch Capital Management LLC, and First Financial Bank Trust Division. 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 activity 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 $157.07.

3M has a market capitalization of $90.35 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.

The official website for 3M is 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.