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

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

3M announced a quarterly dividend on Tuesday, August 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.44 per share on Thursday, September 12th. This represents a $5.76 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, August 15th. View 3M's Dividend History.

3M announced that its board has authorized a stock repurchase program on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.04 by $0.16. The conglomerate had revenue of $8.17 billion for the quarter, compared to analysts' expectations of $8.10 billion. 3M had a return on equity of 55.05% and a net margin of 15.27%. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for 3M.

3M will be holding an earnings conference call on Thursday, October 24th 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 updated its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share (EPS) guidance of $9.25-9.75 for the period, compared to the Thomson Reuters consensus estimate of $9.36.

12 brokers have issued 12 month target prices for 3M's stock. Their predictions range from $143.00 to $225.00. On average, they expect 3M's stock price to reach $180.67 in the next twelve months. This suggests a possible upside of 7.8% 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.

News coverage about MMM stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. 3M earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for 3M.

3M saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 9,610,000 shares, an increase of 18.2% from the August 30th total of 8,130,000 shares. Based on an average daily trading volume, of 2,850,000 shares, the days-to-cover ratio is currently 3.4 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), Procter & Gamble (PG), Cisco Systems (CSCO), Intel (INTC), Boeing (BA), Walt Disney (DIS), Exxon Mobil (XOM), Alibaba Group (BABA) and Home Depot (HD).

3M's stock is owned by many different of retail and institutional investors. Top institutional investors include Commerzbank Aktiengesellschaft FI (0.11%), Confluence Investment Management LLC (0.10%), Boston Trust Walden Corp (0.08%), Bristol John W & Co. Inc. NY (0.06%), Envestnet Asset Management Inc. (0.06%) and Strs Ohio (0.05%). 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 State of Alaska Department of Revenue, Baltimore Washington Financial Advisors Inc., Gateway Investment Advisers LLC, Bailard Inc., XR Securities LLC, Park National Corp OH, Zeke Capital Advisors LLC and Zurcher Kantonalbank Zurich Cantonalbank. 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 Commerzbank Aktiengesellschaft FI, Assenagon Asset Management S.A., Gradient Investments LLC, Northstar Investment Advisors LLC, John G Ullman & Associates Inc., Envestnet Asset Management Inc., Signature Wealth Management Group and Confluence Investment Management 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 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 $167.54.

3M has a market capitalization of $96.38 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.