NYSE:MMM - 3M Stock Price, Forecast & News

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

3M announced a quarterly dividend on Tuesday, February 4th. Stockholders 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 dividend yield of 3.65%. 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 authorized a stock repurchase plan on Tuesday, November 13th 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

3M Co (NYSE:MMM) posted its quarterly earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.10 by $0.15. The conglomerate earned $8.11 billion during the quarter, compared to analyst estimates of $8.12 billion. 3M had a return on equity of 51.39% and a net margin of 14.22%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 earnings per share. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for 3M.

3M updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share 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.

11 brokerages have issued twelve-month price targets for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they anticipate 3M's stock price to reach $173.45 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for 3M.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 3M.

News stories about MMM stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. 3M earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news articles 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 News Stories for 3M.

3M saw a increase in short interest in January. As of January 31st, there was short interest totalling 10,690,000 shares, an increase of 7.4% from the January 15th total of 9,950,000 shares. Based on an average trading volume of 2,670,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.9% 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), DexCom (DXCM), ResMed (RMD), Teleflex (TFX), Insulet (PODD), Novocure (NVCR), ABIOMED (ABMD), Hill-Rom (HRC), Penumbra (PEN), Haemonetics (HAE) and Globus Medical (GMED).

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Home Depot (HD), Exxon Mobil (XOM), Intel (INTC), Procter & Gamble (PG), Verizon Communications (VZ) and Mcdonald's (MCD).

3M's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (7.36%), Massachusetts Financial Services Co. MA (1.90%), Bank of New York Mellon Corp (1.05%), Franklin Resources Inc. (0.83%), Charles Schwab Investment Management Inc. (0.81%) and First Eagle Investment Management LLC (0.63%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Frank R Jr Little, 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 Fiera Capital Corp, First Eagle Investment Management LLC, Franklin Resources Inc., DekaBank Deutsche Girozentrale, Russell Investments Group Ltd., Personal Capital Advisors Corp, Principal Financial Group Inc. and Echo Street Capital Management LLC. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman and Ty R Silberhorn. View Insider Buying and Selling for 3M.

MMM stock was purchased by a variety of institutional investors in the last quarter, including American International Group Inc., Bank of New York Mellon Corp, Schroder Investment Management Group, FMR LLC, First Trust Advisors LP, Pictet Asset Management Ltd., Stifel Financial Corp 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 $161.01.

3M has a market capitalization of $92.59 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.