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

$161.01
+1.25 (+0.78 %)
(As of 02/16/2020 01:35 PM ET)
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Today's Range
$158.82
Now: $161.01
$161.14
50-Day Range
$156.59
MA: $172.75
$181.37
52-Week Range
$150.58
Now: $161.01
$219.75
Volume2.23 million shs
Average VolumeN/A
Market CapitalizationN/A
P/E Ratio20.62
Dividend YieldN/A
BetaN/A
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryIndustrial Conglomerates
SectorN/A
CUSIP88579Y10
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees93,516
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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3M (NYSE:MMM) Frequently Asked Questions

What is 3M's stock symbol?

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

How often does 3M pay dividends? What is the dividend yield for 3M?

3M declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from 3M's previous quarterly dividend of $1.44. View 3M's Dividend History.

How will 3M's stock buyback program work?

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

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) posted its quarterly earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.12 billion. 3M's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. View 3M's Earnings History.

When is 3M's next earnings date?

3M is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for 3M.

What guidance has 3M issued on next quarter's earnings?

3M updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus estimate of $9.61. The company issued revenue guidance of $32 billion to $32.74 billion, compared to the consensus revenue estimate of $33.70 billion.

What price target have analysts set for MMM?

11 brokerages have issued 1 year price objectives for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's share price to reach $173.45 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for 3M.

What is the consensus analysts' recommendation for 3M?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 3M.

Has 3M been receiving favorable news coverage?

Media stories about MMM stock have trended neutral this week, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. 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 0.2 on InfoTrie's scale. They also gave news headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for 3M.

Are investors shorting 3M?

3M saw a increase in short interest in January. As of January 31st, there was short interest totalling 10,690,000 shares, an increase of 7.4% from the January 15th total of 9,950,000 shares. Based on an average daily volume of 2,670,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.9% of the company's stock are sold short. View 3M's Current Options Chain.

What other stocks do shareholders of 3M own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Home Depot (HD), Intel (INTC), Exxon Mobil (XOM), Procter & Gamble (PG), Verizon Communications (VZ) and Mcdonald's (MCD).

Who are 3M's key executives?

3M's management team includes the folowing people:
  • Mr. Inge G. Thulin, Exec. Chairman (Age 65)
  • Mr. Michael F. Roman, CEO & Director (Age 59)
  • Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
  • Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)

Who are 3M's major shareholders?

3M's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (7.36%), Massachusetts Financial Services Co. MA (1.90%), Bank of New York Mellon Corp (1.05%), Franklin Resources Inc. (0.83%), Charles Schwab Investment Management Inc. (0.81%) and First Eagle Investment Management LLC (0.63%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Frank R Jr Little, 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.

Which major investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Fiera Capital Corp, First Eagle Investment Management LLC, Franklin Resources Inc., DekaBank Deutsche Girozentrale, Russell Investments Group Ltd., Personal Capital Advisors Corp, Principal Financial Group Inc. and Echo Street Capital Management LLC. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman and Ty R Silberhorn. View Insider Buying and Selling for 3M.

Which major investors are buying 3M stock?

MMM stock was acquired by a variety of institutional investors in the last quarter, including American International Group Inc., Bank of New York Mellon Corp, Schroder Investment Management Group, FMR LLC, First Trust Advisors LP, Pictet Asset Management Ltd., Stifel Financial Corp and Jensen Investment Management 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 for 3M.

How do I buy shares of 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.

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $161.01.


MarketBeat Community Rating for 3M (NYSE MMM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  806 (Vote Outperform)
Underperform Votes:  879 (Vote Underperform)
Total Votes:  1,685
MarketBeat's community ratings are surveys of what our community members think about 3M and other stocks. Vote "Outperform" if you believe MMM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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