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 3.53%. The ex-dividend date of this dividend is Thursday, August 15th. View 3M's Dividend History.

3M announced that its board has initiated a share 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 typically an indication that the company's management believes its shares are undervalued.

3M Co (NYSE:MMM) issued its quarterly earnings results on Thursday, July, 25th. The conglomerate reported $2.20 earnings per share (EPS) for the quarter, beating the 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%. 3M's quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. 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 issued an update on its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $9.25-9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.36.

12 brokerages have issued twelve-month price objectives 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 year. This suggests a possible upside of 10.8% 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 somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 3M earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave media stories about the conglomerate a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for 3M.

3M saw a increase in short interest during 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 volume of 2,850,000 shares, the short-interest ratio is presently 3.4 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), 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), Cisco Systems (CSCO), Procter & Gamble (PG), Intel (INTC), Boeing (BA), Walt Disney (DIS), Exxon Mobil (XOM), Home Depot (HD) and Alibaba Group (BABA).

3M's stock is owned by a number of of institutional and retail investors. Top institutional investors include Commerzbank Aktiengesellschaft FI (0.11%), Confluence Investment Management LLC (0.10%), Bristol John W & Co. Inc. NY (0.06%), Envestnet Asset Management Inc. (0.06%), Gateway Investment Advisers LLC (0.04%) and Nisa Investment Advisors LLC (0.04%). 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, Envestnet Asset Management Inc., Confluence Investment Management LLC, Sumitomo Mitsui DS Asset Management Company Ltd and PrairieView Partners 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 $163.10.

3M has a market capitalization of $93.83 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.