3M Co (MMM) : Argent Trust Co scooped up 1,045 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 32,229 shares of 3M Co which is valued at $5,443,156.3M Co makes up approximately 1.74% of Argent Trust Co’s portfolio.
3M Co opened for trading at $167.84 and hit $169.05 on the upside on Friday, eventually ending the session at $168.89, with a gain of 0.67% or 1.12 points. The heightened volatility saw the trading volume jump to 16,30,184 shares. Company has a market cap of $102,434 M.
Other Hedge Funds, Including , St. James Investment Company boosted its stake in MMM in the latest quarter, The investment management firm added 295 additional shares and now holds a total of 3,205 shares of 3M Co which is valued at $541,292. 3M Co makes up approx 0.07% of St. James Investment Company’s portfolio.Verity Verity reduced its stake in MMM by selling 851 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 23,488 shares of MMM which is valued at $3,931,421. 3M Co makes up approx 1.66% of Verity Verity’s portfolio.Saratoga Research Investment Management reduced its stake in MMM by selling 4,103 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 204,578 shares of MMM which is valued at $34,242,266. 3M Co makes up approx 3.06% of Saratoga Research Investment Management’s portfolio.Metlife Securities Inc boosted its stake in MMM in the latest quarter, The investment management firm added 1,256 additional shares and now holds a total of 25,773 shares of 3M Co which is valued at $4,346,874. 3M Co makes up approx 0.18% of Metlife Securities Inc’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in MMM by selling 110 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 184,804 shares of MMM which is valued at $31,169,043. 3M Co makes up approx 0.53% of Gulf International Bank (uk) Ltd’s portfolio.
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.