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 stock has increased by 2.9% and is now trading at $151.45. 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) posted its quarterly earnings data on Tuesday, April, 28th. The conglomerate reported $2.16 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 the consensus estimate of $7.86 billion. 3M had a return on equity of 50.24% and a net margin of 15.37%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. 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 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, May 21st. View 3M's dividend history.

3M declared that its Board of Directors has authorized a share buyback program on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

12 brokerages 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 stock price to reach $164.42 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. View analysts' price targets for 3M.

Headlines about MMM stock have been trending somewhat negative this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. 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 news impact score of -1.6 on InfoTrie's scale. They also assigned media stories about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about 3M.

3M saw a decrease in short interest in 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 trading volume, of 4,020,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the company's shares are short sold. 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 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 institutional and retail 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 Rockland Trust Co. (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, 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Rockland Trust Co., Bright Rock Capital Management LLC, State of Alaska Department of Revenue, Canandaigua National Corp, DNB Asset Management AS, Park National Corp OH, and TRUE Private Wealth Advisors. 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 $151.45.

3M has a market capitalization of $87.11 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.