3M Co (MMM) : Bristol John W Co Inc Ny reduced its stake in 3M Co by 3.97% during the most recent quarter end. The investment management company now holds a total of 564,373 shares of 3M Co which is valued at $95,187,150 after selling 23,346 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.3M Co makes up approximately 2.52% of Bristol John W Co Inc Ny’s portfolio.
3M Co (MMM) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $169.09 and reached the intraday high at $169.76. The bulls started the profit booking and pushed the shares to intraday low of $167.85. The trading session was marked by a volume range of 18,02,263 shares exchanging hands. The 52-week high of the shares is $170.77 and the 52-week low is $134. The market cap of the company stands at $102,046 M and there are 60,50,38,190 shares in public circulation.
Other Hedge Funds, Including , Culbertson A N Co Inc boosted its stake in MMM in the latest quarter, The investment management firm added 955 additional shares and now holds a total of 40,300 shares of 3M Co which is valued at $6,801,834. 3M Co makes up approx 2.61% of Culbertson A N Co Inc’s portfolio.Eqis Capital Management boosted its stake in MMM in the latest quarter, The investment management firm added 133 additional shares and now holds a total of 8,262 shares of 3M Co which is valued at $1,376,367. 3M Co makes up approx 0.10% of Eqis Capital Management’s portfolio.
On the company’s financial health, 3M Co reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.62. The company had revenue of $7298.00 million for the quarter, compared to analysts expectations of $7208.21 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.81 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.