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

$148.96
+2.11 (+1.44 %)
(As of 02/27/2020 03:14 AM ET)
Today's Range
$148.09
Now: $148.96
$151.82
50-Day Range
$146.85
MA: $167.95
$181.37
52-Week Range
$145.97
Now: $148.96
$219.75
Volume5.15 million shs
Average Volume3.35 million shs
Market Capitalization$85.66 billion
P/E Ratio19.07
Dividend Yield4.00%
Beta1.13
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
CUSIP88579Y10
Phone651-733-1110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$32.14 billion
Cash Flow$11.74 per share
Book Value$17.61 per share

Profitability

Net Income$4.57 billion

Miscellaneous

Employees96,163
Market Cap$85.66 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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3M (NYSE:MMM) Frequently Asked Questions

What is 3M's stock symbol?

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

How often does 3M pay dividends? What is the dividend yield for 3M?

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 dividend on an annualized basis and a yield of 3.95%. 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.

How will 3M's stock buyback program work?

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

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) released its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing the 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 firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 earnings per share. View 3M's Earnings History.

When is 3M's next earnings date?

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

What guidance has 3M issued on next quarter's earnings?

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 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.

What price target have analysts set for MMM?

11 Wall Street analysts have issued 1 year target prices for 3M's stock. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's share price to reach $173.45 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Price Targets for 3M.

What is the consensus analysts' recommendation 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.

Has 3M been receiving favorable news coverage?

Headlines about MMM stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media 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 -4.9 on InfoTrie's scale. They also gave media stories 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 immediate future. View News Stories for 3M.

Are investors shorting 3M?

3M saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 8,910,000 shares, a decline of 16.7% from the January 30th total of 10,690,000 shares. Based on an average trading volume of 2,820,000 shares, the short-interest ratio is currently 3.2 days. Currently, 1.6% of the shares of the company are sold short. View 3M's Current Options Chain.

Who are some of 3M's key competitors?

What other stocks do shareholders of 3M own?

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), Procter & Gamble (PG), Intel (INTC), Verizon Communications (VZ), Exxon Mobil (XOM) and Boeing (BA).

Who are 3M's key executives?

3M's management team includes the folowing people:
  • Mr. Inge G. Thulin, Exec. Chairman (Age 65)
  • Mr. Michael F. Roman, CEO & Director (Age 59)
  • Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
  • Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)

Who are 3M's major shareholders?

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%), Geode Capital Management LLC (1.63%), Bank of New York Mellon Corp (1.05%), Franklin Resources Inc. (0.83%) and Charles Schwab Investment Management Inc. (0.81%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, 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.

Which institutional investors are selling 3M stock?

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., Janus Henderson Group PLC, Personal Capital Advisors Corp and Principal Financial Group Inc.. 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, Michael G Vale and Ty R Silberhorn. View Insider Buying and Selling for 3M.

Which institutional investors are buying 3M stock?

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

How do I buy shares of 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.

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $148.96.

How big of a company is 3M?

3M has a market capitalization of $85.66 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.

What is 3M's official website?

The official website for 3M is http://www.3m.com/.

How can I contact 3M?

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.


MarketBeat Community Rating for 3M (NYSE MMM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  812 (Vote Outperform)
Underperform Votes:  879 (Vote Underperform)
Total Votes:  1,691
MarketBeat's community ratings are surveys of what our community members think about 3M and other stocks. Vote "Outperform" if you believe MMM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/27/2020 by MarketBeat.com Staff

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