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

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

3M declared a quarterly dividend on Tuesday, February 4th. Shareholders 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 3.65%. The ex-dividend date is Thursday, February 13th. This is an increase from 3M's previous quarterly dividend of $1.44. View 3M's Dividend History.

3M announced that its board has initiated a share repurchase program on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

3M Co (NYSE:MMM) announced its quarterly earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing the Zacks' 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's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 EPS. 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 (EPS) guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus 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 Wall Street analysts have issued twelve-month target prices for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they expect 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 coverage about MMM stock has trended neutral this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing 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 five, with scores nearest to five being the most favorable. 3M earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned media headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for 3M.

3M saw a increase in short interest during the month of 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 daily volume of 2,670,000 shares, the short-interest ratio is currently 4.0 days. Currently, 1.9% of the shares of the stock are sold short. View 3M's Current Options Chain.

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), Intel (INTC), Exxon Mobil (XOM), Procter & Gamble (PG), Verizon Communications (VZ) and Mcdonald's (MCD).

3M's stock is owned by a variety of of institutional and retail 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 acquired 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.