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

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

3M declared a quarterly dividend on Tuesday, August 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, August 15th. View 3M's Dividend History.

3M declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 13th 2018, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

3M Co (NYSE:MMM) announced its earnings results on Thursday, July, 25th. The conglomerate reported $2.20 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.04 by $0.16. The conglomerate earned $8.17 billion during the quarter, compared to analysts' expectations of $8.10 billion. 3M had a net margin of 15.27% and a return on equity of 55.05%. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $2.59 earnings per share. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for 3M.

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 analysts have issued 1-year price objectives for 3M's shares. Their predictions range from $140.00 to $225.00. On average, they anticipate 3M's share price to reach $182.4983 in the next twelve months. This suggests a possible upside of 9.4% 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.

Media stories about MMM stock have been trending negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 3M earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage about the conglomerate a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for 3M.

3M saw a decrease in short interest in August. As of August 15th, there was short interest totalling 9,470,300 shares, a decrease of 15.2% from the July 15th total of 11,164,600 shares. Based on an average daily trading volume, of 3,180,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.7% of the company's shares are short sold. 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), Penumbra (PEN) and Integra Lifesciences (IART).

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Boeing (BA), Cisco Systems (CSCO), Procter & Gamble (PG), Intel (INTC), Walt Disney (DIS), Exxon Mobil (XOM), Alibaba Group (BABA) and Home Depot (HD).

3M's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.64%), BlackRock Inc. (6.80%), BlackRock Inc. (6.80%), Northern Trust Corp (1.32%), Wells Fargo & Company MN (1.03%) and Bank of New York Mellon Corp (0.93%). 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 Bahl & Gaynor Inc., Findlay Park Partners LLP, Wells Fargo & Company MN, Northern Trust Corp, Janus Henderson Group PLC, Janus Henderson Group PLC, Parametric Portfolio Associates LLC and Amundi Pioneer Asset Management Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Thoroughbred Financial Services LLC, Point72 Asset Management L.P., BlackRock Inc., BlackRock Inc., Vanguard Group Inc., AQR Capital Management LLC 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 $166.76.

3M has a market capitalization of $95.93 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.