NYSE:MMM3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 6.7% and is now trading at $157.04. View which stocks have been most impacted by Coronavirus.

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.

3M is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for 3M.

3M will be holding an earnings conference call on Tuesday, July 28th 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 Co (NYSE:MMM) released its quarterly earnings data on Tuesday, April, 28th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.03 by $0.13. The conglomerate earned $8.08 billion during the quarter, compared to analysts' expectations of $7.86 billion. 3M had a return on equity of 50.24% and a net margin of 15.37%. 3M's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. View 3M's earnings history.

3M declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $1.47 per share on Friday, June 12th. This represents a $5.88 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, May 21st. View 3M's dividend history.

3M announced that its board has initiated a stock buyback program 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 purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

12 analysts have issued 12 month target prices for 3M's shares. Their forecasts range from $148.00 to $180.00. On average, they anticipate 3M's share price to reach $164.25 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View analysts' price targets for 3M.

News coverage about MMM stock has been trending somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing 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 media sentiment score of 0.7 on InfoTrie's scale. They also gave press coverage about the conglomerate a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about 3M.

3M saw a decrease in short interest in June. As of June 15th, there was short interest totaling 7,220,000 shares, a decrease of 12.9% from the May 31st total of 8,290,000 shares. Based on an average trading volume of 4,670,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the shares of the stock are sold short. 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), DexCom (DXCM), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), ABIOMED (ABMD), Hill-Rom (HRC), Penumbra (PEN), Novocure (NVCR), Tandem Diabetes Care (TNDM) and Globus Medical (GMED). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), Exxon Mobil (XOM), Procter & Gamble (PG), Boeing (BA), Verizon Communications (VZ) and AbbVie (ABBV).

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

3M's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.10%), Park National Corp OH (0.03%), Birch Capital Management LLC (0.00%), Smithbridge Asset Management Inc. DE (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Thomasville National Bank (0.00%). 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 Confluence Investment Management LLC, Smithbridge Asset Management Inc. DE, Cox Capital Mgt LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, Thomasville National Bank, and M&R Capital Management Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn. View insider buying and selling activity for 3M.

MMM stock was purchased by a variety of institutional investors in the last quarter, including Park National Corp OH, Birch Capital Management LLC, and First Financial Bank Trust Division. 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 activity 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 $157.04.

3M has a market capitalization of $90.33 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.

The official website for 3M is 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.