Laurel Wealth Advisors buys $4,967,520 stake in 3M Co (MMM)

3M Co (MMM) : Laurel Wealth Advisors scooped up 1,774 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 27,556 shares of 3M Co which is valued at $4,967,520.3M Co makes up approximately 2.35% of Laurel Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Main Street Research boosted its stake in MMM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,902 shares of 3M Co which is valued at $342,874. 3M Co makes up approx 0.07% of Main Street Research’s portfolio.Signature Financial Management reduced its stake in MMM by selling 541 shares or 16.35% in the most recent quarter. The Hedge Fund company now holds 2,768 shares of MMM which is valued at $493,756. 3M Co makes up approx 0.23% of Signature Financial Management’s portfolio.Cobiz Investment Management boosted its stake in MMM in the latest quarter, The investment management firm added 1,104 additional shares and now holds a total of 14,616 shares of 3M Co which is valued at $2,607,202. 3M Co makes up approx 0.64% of Cobiz Investment Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MMM by selling 12,905 shares or 9.35% in the most recent quarter. The Hedge Fund company now holds 125,074 shares of MMM which is valued at $22,308,199. 3M Co makes up approx 0.18% of Public Employees Retirement Association Of Colorado’s portfolio.Wendell David Associates Inc reduced its stake in MMM by selling 1,441 shares or 10.32% in the most recent quarter. The Hedge Fund company now holds 12,521 shares of MMM which is valued at $2,271,560. 3M Co makes up approx 0.43% of Wendell David Associates Inc’s portfolio.

3M Co opened for trading at $179.61 and hit $180.54 on the upside on Tuesday, eventually ending the session at $179.77, with a gain of 0.39% or 0.7 points. The heightened volatility saw the trading volume jump to 11,95,825 shares. Company has a market cap of $108,653 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.

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