Mv Capital Management buys $567,912 stake in 3M Co (MMM)

3M Co (MMM) : Mv Capital Management scooped up 304 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,374 shares of 3M Co which is valued at $567,912.3M Co makes up approximately 0.23% of Mv Capital Management’s portfolio.

Other Hedge Funds, Including , Mckinley Carter Wealth Services reduced its stake in MMM by selling 492 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 4,582 shares of MMM which is valued at $771,242. 3M Co makes up approx 0.43% of Mckinley Carter Wealth Services’s portfolio. Midwest Investment Management added MMM to its portfolio by purchasing 1,525 company shares during the most recent quarter which is valued at $256,688. 3M Co makes up approx 0.21% of Midwest Investment Management’s portfolio.Banque Pictet Cie Sa boosted its stake in MMM in the latest quarter, The investment management firm added 17,800 additional shares and now holds a total of 148,525 shares of 3M Co which is valued at $25.1 Million. 3M Co makes up approx 0.67% of Banque Pictet Cie Sa’s portfolio.Dubuque Bank Trust Co boosted its stake in MMM in the latest quarter, The investment management firm added 8,497 additional shares and now holds a total of 18,255 shares of 3M Co which is valued at $3.1 Million. 3M Co makes up approx 0.59% of Dubuque Bank Trust Co’s portfolio.

3M Co opened for trading at $169 and hit $170.355 on the upside on Wednesday, eventually ending the session at $169.99, with a gain of 0.81% or 1.36 points. The heightened volatility saw the trading volume jump to 18,60,038 shares. Company has a market cap of $103,101 M.

On the company’s financial health, 3M Co reported $1.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.92. The company had revenue of $7409.00 million for the quarter, compared to analysts expectations of $7326.17 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on 3M Co. Company shares were Reiterated by Jefferies on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 187 from a previous price target of $175 .Company shares were Reiterated by UBS on Mar 30, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $170 .

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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