Schooner Investment Group. Lowers stake in 3M Co (MMM)

3M Co (MMM) : Schooner Investment Group. reduced its stake in 3M Co by 50.0% during the most recent quarter end. The investment management company now holds a total of 1,500 shares of 3M Co which is valued at $271,500 after selling 1,500 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.3M Co makes up approximately 0.64% of Schooner Investment Group.’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in MMM in the latest quarter, The investment management firm added 1,855 additional shares and now holds a total of 56,198 shares of 3M Co which is valued at $10,171,838. 3M Co makes up approx 0.29% of Oppenheimer Co Inc’s portfolio.Salient Capital Advisors boosted its stake in MMM in the latest quarter, The investment management firm added 402 additional shares and now holds a total of 33,821 shares of 3M Co which is valued at $6,039,416. 3M Co makes up approx 0.13% of Salient Capital Advisors’s portfolio.Ngam Advisors boosted its stake in MMM in the latest quarter, The investment management firm added 8,673 additional shares and now holds a total of 75,485 shares of 3M Co which is valued at $13,465,014. 3M Co makes up approx 0.18% of Ngam Advisors’s portfolio.Harvey Investment Co reduced its stake in MMM by selling 638 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 122,145 shares of MMM which is valued at $21,785,782. 3M Co makes up approx 4.59% of Harvey Investment Co’s portfolio.Howard Capital Management reduced its stake in MMM by selling 85 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 6,518 shares of MMM which is valued at $1,182,496. 3M Co makes up approx 0.22% of Howard Capital Management’s portfolio.

3M Co opened for trading at $181 and hit $181.39 on the upside on Monday, eventually ending the session at $180.56, with a gain of 0.16% or 0.29 points. The heightened volatility saw the trading volume jump to 12,68,247 shares. Company has a market cap of $109,131 M.

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.

Leave a Reply

3M Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on 3M Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.