NYSE:MMM3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MMM shares have increased by 3.8% and is now trading at $152.85. 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 for the quarter, topping the Zacks' consensus estimate of $2.03 by $0.13. The conglomerate had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.86 billion. 3M had a net margin of 15.37% and a return on equity of 50.24%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 EPS. View 3M's earnings history.

3M declared a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be paid a dividend of $1.47 per share on Friday, June 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, May 21st. View 3M's dividend history.

3M declared that its Board of Directors has approved a stock repurchase program on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

12 brokers have issued twelve-month price targets for 3M's shares. Their forecasts range from $148.00 to $180.00. On average, they expect 3M's share price to reach $164.42 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price. View analysts' price targets for 3M.

News coverage about MMM stock has trended neutral on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 0.1 on InfoTrie's scale. They also assigned press coverage about the conglomerate a news buzz of 3.0 out of 10, meaning that recent press coverage is 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 during the month of June. As of June 30th, there was short interest totaling 6,090,000 shares, a decrease of 15.7% from the June 15th total of 7,220,000 shares. Based on an average daily volume of 4,020,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the company's stock are sold short. View 3M's Current Options Chain.

Some companies that are related to 3M include Becton Dickinson and (BDX), Stryker (SYK), 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), Tandem Diabetes Care (TNDM), Novocure (NVCR) 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 many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.10%), Envestnet Asset Management Inc. (0.09%), Manning & Napier Group LLC (0.03%), Park National Corp OH (0.03%), Whittier Trust Co. (0.02%) and DNB Asset Management AS (0.02%). 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 HNP Capital LLC, Whittier Trust Co., Campbell Capital Management Inc., Fulton Bank N. A., Manning & Napier Group LLC, Municipal Employees Retirement System of Michigan, Confluence Investment Management LLC, and Whittier Trust Co. of Nevada 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 acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Rockland Trust Co., Bright Rock Capital Management LLC, Chemung Canal Trust Co., State of Alaska Department of Revenue, Canandaigua National Corp, DNB Asset Management AS, and Park National Corp OH. 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 $152.85.

3M has a market capitalization of $87.92 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.