3M Co (MMM) : Evercore Wealth Management reduced its stake in 3M Co by 2.0% during the most recent quarter end. The investment management company now holds a total of 206,227 shares of 3M Co which is valued at $36,786,772 after selling 4,202 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.3M Co makes up approximately 1.58% of Evercore Wealth Management’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in MMM by selling 8,691 shares or 4.7% in the most recent quarter. The Hedge Fund company now holds 176,234 shares of MMM which is valued at $31,436,621. 3M Co makes up approx 0.11% of Aberdeen Asset Management Plcuk’s portfolio. Rnc Capital Management added MMM to its portfolio by purchasing 1,322 company shares during the most recent quarter which is valued at $235,673. 3M Co makes up approx 0.02% of Rnc Capital Management’s portfolio.Mai Capital Management reduced its stake in MMM by selling 1,194 shares or 10.29% in the most recent quarter. The Hedge Fund company now holds 10,409 shares of MMM which is valued at $1,885,174. 3M Co makes up approx 0.15% of Mai Capital Management’s portfolio.Contravisory Investment Management boosted its stake in MMM in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 31 shares of 3M Co which is valued at $5,556.Hollencrest Securities reduced its stake in MMM by selling 323 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 1,341 shares of MMM which is valued at $237,518. 3M Co makes up approx 0.04% of Hollencrest Securities’s portfolio.
3M Co closed down -0.57 points or -0.32% at $177.81 with 10,72,341 shares getting traded on Thursday. Post opening the session at $178.96, the shares hit an intraday low of $177.64 and an intraday high of $179.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.