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. Since then, MMM stock has increased by 5.0% and is now trading at $154.58. 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 earnings results on Tuesday, April, 28th. The conglomerate reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.13. The conglomerate earned $8.08 billion during the quarter, compared to analyst estimates of $7.86 billion. 3M had a return on equity of 50.24% and a net margin of 15.37%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 earnings per share. View 3M's earnings history.

3M announced a quarterly dividend on Tuesday, May 12th. Stockholders 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 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 21st. View 3M's dividend history.

3M announced that its Board of Directors has initiated a share repurchase plan on Tuesday, November 13th 2018, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

12 brokers have issued 12 month target prices for 3M's stock. Their forecasts range from $148.00 to $180.00. On average, they expect 3M's stock price to reach $164.42 in the next year. This suggests a possible upside of 6.4% from the stock's current price. View analysts' price targets for 3M.

Media coverage about MMM stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. 3M earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines 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 next few days. View the latest news about 3M.

3M saw a drop in short interest in June. As of June 30th, there was short interest totaling 6,090,000 shares, a drop of 15.7% from the June 15th total of 7,220,000 shares. Based on an average daily trading volume, of 4,020,000 shares, the days-to-cover ratio is currently 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), Novocure (NVCR), Tandem Diabetes Care (TNDM) and Haemonetics (HAE). 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 retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.10%), Envestnet Asset Management Inc. (0.09%), Park National Corp OH (0.03%), DNB Asset Management AS (0.02%), State of Alaska Department of Revenue (0.02%) and Chesley Taft & Associates LLC (0.01%). 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, Campbell Capital Management Inc., Fulton Bank N. A., Municipal Employees Retirement System of Michigan, Confluence Investment Management LLC, Cullinan Associates Inc., Smithbridge Asset Management Inc. DE, and Clarius Group LLC. 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., State of Alaska Department of Revenue, DNB Asset Management AS, Park National Corp OH, TRUE Private Wealth Advisors, Birch Capital Management LLC, Pure Financial Advisors Inc., and OmniStar Financial Group Inc.. 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 $154.58.

3M has a market capitalization of $88.91 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.