St. James Investment Company buys $669,817 stake in 3M Co (MMM)

3M Co (MMM) : St. James Investment Company scooped up 550 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 3,755 shares of 3M Co which is valued at $669,817.3M Co makes up approximately 0.08% of St. James Investment Company’s portfolio.

Other Hedge Funds, Including , Fort Pitt Capital Group reduced its stake in MMM by selling 241 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 7,748 shares of MMM which is valued at $1,382,088. 3M Co makes up approx 0.16% of Fort Pitt Capital Group’s portfolio.Prospera Financial Services Inc boosted its stake in MMM in the latest quarter, The investment management firm added 1,288 additional shares and now holds a total of 5,494 shares of 3M Co which is valued at $979,415. 3M Co makes up approx 0.20% of Prospera Financial Services Inc’s portfolio.Trust Co Of Vermont boosted its stake in MMM in the latest quarter, The investment management firm added 1,738 additional shares and now holds a total of 98,169 shares of 3M Co which is valued at $17,809,820. 3M Co makes up approx 2.30% of Trust Co Of Vermont’s portfolio.Lodestar Investment Counselil boosted its stake in MMM in the latest quarter, The investment management firm added 3,276 additional shares and now holds a total of 82,546 shares of 3M Co which is valued at $14,949,906. 3M Co makes up approx 2.06% of Lodestar Investment Counselil’s portfolio.

3M Co closed down -0.57 points or -0.32% at $177.81 with 10,72,341 shares getting traded on Thursday. Post opening the session at $178.96, the shares hit an intraday low of $177.64 and an intraday high of $179.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, 3M Co reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $2.07. The company had revenue of $7662.00 million for the quarter, compared to analysts expectations of $7710.77 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.

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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