3M Co (MMM) : Telemus Capital reduced its stake in 3M Co by 2.94% during the most recent quarter end. The investment management company now holds a total of 22,326 shares of 3M Co which is valued at $4,050,383 after selling 677 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.3M Co makes up approximately 0.47% of Telemus Capital’s portfolio.
Other Hedge Funds, Including , 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.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.Carlton Hofferkamp Jenks Wealth Management reduced its stake in MMM by selling 20 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 6,720 shares of MMM which is valued at $1,219,142. 3M Co makes up approx 0.94% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in MMM in the latest quarter, The investment management firm added 276 additional shares and now holds a total of 48,326 shares of 3M Co which is valued at $8,660,502. 3M Co makes up approx 0.19% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Newman Dignan Sheerar reduced its stake in MMM by selling 61 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 2,343 shares of MMM which is valued at $414,992. 3M Co makes up approx 0.27% of Newman Dignan Sheerar’s portfolio.
3M Co opened for trading at $181.73 and hit $182.27 on the upside on Wednesday, eventually ending the session at $181.42, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 14,13,335 shares. Company has a market cap of $110,034 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.