NYSE:MMM3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMM stock has decreased by 6.2% and is now trading at $138.05. View which stocks have been mosted 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, 8 hold ratings and 1 buy rating 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 Thursday, April 23rd 2020. View our earnings forecast for 3M.

3M Co (NYSE:MMM) issued its quarterly earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 14.22% and a return on equity of 51.39%. 3M's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 earnings per share. View 3M's earnings history.

3M announced a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be paid a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 dividend on an annualized basis and a yield of 4.26%. 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 has approved a share buyback plan on Tuesday, November 13th 2018, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

3M updated 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 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.

12 Wall Street analysts have issued 1-year target prices for 3M's stock. Their forecasts range from $143.00 to $194.00. On average, they expect 3M's share price to reach $166.33 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price. View analysts' price targets for 3M.

News headlines about MMM stock have trended very negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. 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 impact score of -3.3 on InfoTrie's scale. They also gave headlines about the conglomerate a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about3M.

3M saw a decline in short interest in March. As of March 13th, there was short interest totaling 8,155,200 shares, a decline of 11.6% from the February 27th total of 9,230,000 shares. Based on an average daily volume of 3,720,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.4% of the shares of the stock are short sold. View 3M's Current Options Chain.

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

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), Verizon Communications (VZ), Boeing (BA), Home Depot (HD) and Mcdonald's (MCD).

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

3M's stock is owned by many different institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.03%), Cullinan Associates Inc. (0.01%), Woodstock Corp (0.01%), Stillwater Investment Management LLC (0.00%), Fulton Bank N.A. (0.00%) and Pensionfund Sabic (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 Woodstock Corp, Cullinan Associates Inc., Stillwater Investment Management LLC, First Financial Bank Trust Division, Bath Savings Trust Co, McGuire Investment Group LLC, M&R Capital Management Inc., and Thomasville National Bank. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, 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 activity for 3M.

MMM stock was acquired by a variety of institutional investors in the last quarter, including Deane Retirement Strategies Inc., Birch Capital Management LLC, Global Trust Asset Management LLC, Pensionfund Sabic, Park National Corp OH, Fulton Bank N.A., and Nelson Van Denburg & Campbell Wealth Management 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 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 $138.05.

3M has a market capitalization of $79.39 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.