NYSE:MMM3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MMM stock has decreased by 1.8% and is now trading at $144.60. 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) released its quarterly earnings data 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 net margin of 14.22% and a return on equity of 51.39%. 3M's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 earnings per share. View 3M's earnings history.

3M declared a quarterly dividend on Tuesday, February 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from 3M's previous quarterly dividend of $1.44. View 3M's dividend history.

3M announced that its board has initiated a share repurchase plan on Tuesday, November 13th 2018, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are 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 earnings per share 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 analysts have issued 12 month price objectives for 3M's shares. Their forecasts range from $143.00 to $194.00. On average, they anticipate 3M's share price to reach $166.33 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View analysts' price targets for 3M.

Media coverage about MMM stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 3M earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about3M.

3M saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,155,200 shares, a drop 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 days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the shares of the company are sold short. 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), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), Hill-Rom (HRC), ABIOMED (ABMD), Novocure (NVCR), 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), Exxon Mobil (XOM), Intel (INTC), 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 a variety of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.03%), State of Alaska Department of Revenue (0.02%), Radnor Capital Management LLC (0.01%), Cullinan Associates Inc. (0.01%), Woodstock Corp (0.01%) and Stillwater Investment Management LLC (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 Gradient Investments LLC, Woodstock Corp, Cullinan Associates Inc., Stillwater Investment Management LLC, Radnor Capital Management LLC, First Financial Bank Trust Division, Independent Investors Inc., and Mitchell Sinkler & Starr PA. 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 purchased by a variety of institutional investors in the last quarter, including Deane Retirement Strategies Inc., Foundations Investment Advisors LLC, State of Alaska Department of Revenue, IBM Retirement Fund, Birch Capital Management LLC, Global Trust Asset Management LLC, Pensionfund Sabic, and American National Bank. 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 $144.60.

3M has a market capitalization of $83.15 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.