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 given a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, February 13th. This is a boost from 3M's previous quarterly dividend of $1.44. View 3M's Dividend History.

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

3M Co (NYSE:MMM) announced its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $2.10 by $0.15. The conglomerate earned $8.11 billion during the quarter, compared to the consensus estimate of $8.12 billion. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 issued an update on 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 brokers have issued 12 month target prices 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.

Press coverage about MMM stock has trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. 3M earned a news impact score of 0.2 on InfoTrie's scale. They also gave media headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for 3M.

3M saw a increase in short interest in 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 trading volume, of 2,670,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.9% of the company's shares 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), Exxon Mobil (XOM), Intel (INTC), Procter & Gamble (PG), Verizon Communications (VZ) and Mcdonald's (MCD).

3M's stock is owned by many different of institutional and retail investors. Top institutional investors 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.