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

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

3M declared a quarterly dividend on Tuesday, February 5th. Investors of record on Friday, February 15th will be paid a dividend of $1.44 per share on Tuesday, March 12th. This represents a $5.76 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from 3M's previous quarterly dividend of $1.36. View 3M's Dividend History.

3M declared that its Board of Directors has authorized a share buyback program on Tuesday, November 13th 2018, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

3M Co (NYSE:MMM) posted its quarterly earnings data on Tuesday, January, 29th. The conglomerate reported $2.31 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.28 by $0.03. The conglomerate had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $7.87 billion. 3M had a net margin of 16.33% and a return on equity of 57.70%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 earnings per share. View 3M's Earnings History.

3M is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for 3M.

3M updated its FY19 earnings guidance on Tuesday, January, 29th. The company provided earnings per share guidance of $10.45 to $10.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.70. 3M also updated its FY 2019 guidance to $10.45-10.90 EPS.

12 brokers have issued 12-month target prices for 3M's shares. Their forecasts range from $189.00 to $228.00. On average, they expect 3M's stock price to reach $211.3636 in the next year. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Price Targets for 3M.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 3M.

Press coverage about MMM stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. 3M earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media stories about the conglomerate a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), FRESENIUS SE &/S (FSNUY), ABIOMED (ABMD), ResMed (RMD), DexCom (DXCM), Teleflex (TFX), Hill-Rom (HRC), Penumbra (PEN), ICU Medical (ICUI), Insulet (PODD), Novocure (NVCR) and Globus Medical (GMED).

3M's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.70%), Oregon Public Employees Retirement Fund (4.62%), Massachusetts Financial Services Co. MA (1.87%), Northern Trust Corp (1.39%), Geode Capital Management LLC (1.29%) and Bank of New York Mellon Corp (1.06%). Company insiders that own 3M stock include Eric D Hammes, Frank R Jr Little, Gregory R Page, Hak Cheol Shin, Inge G Thulin, Ippocratis Vrohidis, Ivan K Fong, James L Bauman, Jon T Lindekugel, Khandpur K Ashish, Kimberly F Price, Marlene Mary Mcgrath, Michael F Roman, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Institutional Ownership Trends for 3M.

MMM stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Findlay Park Partners LLP, Bank of Montreal Can, Massachusetts Financial Services Co. MA, Sarasin & Partners LLP, HM Payson & Co., Assenagon Asset Management S.A. and California Public Employees Retirement System. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Frank R Jr Little, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Jon T Lindekugel, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Insider Buying and Selling for 3M.

MMM stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Bessemer Group Inc., Geode Capital Management LLC, Bahl & Gaynor Inc., State of Tennessee Treasury Department, Mn Services Vermogensbeheer B.V. and Northern Trust Corp. 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, Scottrade, Fidelity and Charles Schwab.

One share of MMM stock can currently be purchased for approximately $208.0641.

3M has a market capitalization of $119.80 billion and generates $32.77 billion in revenue each year. The conglomerate earns $5.35 billion in net income (profit) each year or $10.46 on an earnings per share basis. 3M employs 91,536 workers across the globe.

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.