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

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

3M announced a quarterly dividend on Tuesday, February 4th. Investors 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 3.75%. The ex-dividend date is Thursday, February 13th. This is a positive change from 3M's previous quarterly dividend of $1.44. View 3M's Dividend History.

3M declared that its board 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 reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

3M Co (NYSE:MMM) posted its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.12 billion. 3M had a net margin of 14.22% and a return on equity of 51.39%. The company's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm 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 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 brokerages 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 twelve months. This suggests a possible upside of 10.5% 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 stories about MMM stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. 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 daily sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 0.0 out of 10, indicating that recent press 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 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 volume of 2,670,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 1.9% of the shares of the stock 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), DexCom (DXCM), ResMed (RMD), Teleflex (TFX), Insulet (PODD), Novocure (NVCR), ABIOMED (ABMD), Hill-Rom (HRC), Penumbra (PEN), Haemonetics (HAE) and Globus Medical (GMED).

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

3M's stock is owned by a number of of retail and institutional investors. Top institutional investors 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.

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.

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.

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 $156.93.

3M has a market capitalization of $90.24 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.

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.