3M Stock Price, News & Analysis (NYSE:MMM)

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

3M declared a quarterly dividend on Tuesday, August 6th. Investors of record on Friday, August 16th will be given a dividend of $1.44 per share on Thursday, September 12th. This represents a $5.76 annualized dividend and a yield of 3.45%. The ex-dividend date is Thursday, August 15th. View 3M's Dividend History.

3M announced that its board has initiated a share buyback program on Tuesday, November 13th 2018, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

3M Co (NYSE:MMM) released its earnings results on Thursday, July, 25th. The conglomerate reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The conglomerate had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $8.10 billion. 3M had a net margin of 15.27% and a return on equity of 55.05%. The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.59 earnings per share. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for 3M.

3M updated its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $9.25-9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.36.

12 brokerages have issued 12 month price targets for 3M's shares. Their predictions range from $140.00 to $225.00. On average, they expect 3M's stock price to reach $182.4983 in the next year. This suggests a possible upside of 9.4% from the stock's current price. View Analyst Price Targets for 3M.

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.

Headlines about MMM stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by reviewing 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 closest to five being the most favorable. 3M earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned press coverage about the conglomerate a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for 3M.

3M saw a decrease in short interest in August. As of August 15th, there was short interest totalling 9,470,300 shares, a decrease of 15.2% from the July 15th total of 11,164,600 shares. Based on an average trading volume of 3,180,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.7% 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), ResMed (RMD), Teleflex (TFX), DexCom (DXCM), Insulet (PODD), ABIOMED (ABMD), Novocure (NVCR), Hill-Rom (HRC), Haemonetics (HAE), Integra Lifesciences (IART) and Penumbra (PEN).

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

3M's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.64%), BlackRock Inc. (6.80%), BlackRock Inc. (6.80%), Northern Trust Corp (1.32%), Wells Fargo & Company MN (1.03%) and Bank of New York Mellon Corp (0.93%). 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, Ivan K Fong, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Institutional Ownership Trends for 3M.

MMM stock was sold by a variety of institutional investors in the last quarter, including Bahl & Gaynor Inc., Findlay Park Partners LLP, Wells Fargo & Company MN, Northern Trust Corp, Janus Henderson Group PLC, Janus Henderson Group PLC, Parametric Portfolio Associates LLC and Amundi Pioneer Asset Management Inc.. Company insiders that have sold 3M company stock in the last year include Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Insider Buying and Selling for 3M.

MMM stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Thoroughbred Financial Services LLC, Point72 Asset Management L.P., BlackRock Inc., BlackRock Inc., Vanguard Group Inc., AQR Capital Management LLC and Jensen Investment Management Inc.. 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 $166.76.

3M has a market capitalization of $95.93 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.