Northstar Group buys $1,514,145 stake in 3M Co (MMM)

3M Co (MMM) : Northstar Group scooped up 19 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 8,449 shares of 3M Co which is valued at $1,514,145.3M Co makes up approximately 1.11% of Northstar Group’s portfolio.

Other Hedge Funds, Including , Mitchell Sinkler Starrpa reduced its stake in MMM by selling 115 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 7,989 shares of MMM which is valued at $1,431,709. 3M Co makes up approx 1.91% of Mitchell Sinkler Starrpa’s portfolio.Macnealy Hoover Investment Management Inc reduced its stake in MMM by selling 150 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 10,800 shares of MMM which is valued at $1,912,896. 3M Co makes up approx 0.36% of Macnealy Hoover Investment Management Inc’s portfolio.Mazama Capital Management Inc boosted its stake in MMM in the latest quarter, The investment management firm added 2,439 additional shares and now holds a total of 21,357 shares of 3M Co which is valued at $3,782,752. 3M Co makes up approx 0.74% of Mazama Capital Management Inc’s portfolio. Centurylink Investment Management Co added MMM to its portfolio by purchasing 660 company shares during the most recent quarter which is valued at $116,899. 3M Co makes up approx 0.04% of Centurylink Investment Management Co’s portfolio.Cullinan Associates Inc reduced its stake in MMM by selling 3,639 shares or 5.79% in the most recent quarter. The Hedge Fund company now holds 59,215 shares of MMM which is valued at $10,394,601. 3M Co makes up approx 0.85% of Cullinan Associates Inc’s portfolio.

3M Co opened for trading at $181.5 and hit $181.84 on the upside on Friday, eventually ending the session at $181.4, with a gain of 0.28% or 0.5 points. The heightened volatility saw the trading volume jump to 24,75,243 shares. Company has a market cap of $110,022 M.

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.

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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