Hm Payson Co Lowers stake in 3M Co (MMM)

3M Co (MMM) : Hm Payson Co reduced its stake in 3M Co by 2.37% during the most recent quarter end. The investment management company now holds a total of 131,555 shares of 3M Co which is valued at $23,811,455 after selling 3,194 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.3M Co makes up approximately 1.14% of Hm Payson Co’s portfolio.

Other Hedge Funds, Including , Gardiner Nancy B boosted its stake in MMM in the latest quarter, The investment management firm added 935 additional shares and now holds a total of 7,797 shares of 3M Co which is valued at $1,411,257. 3M Co makes up approx 4.42% of Gardiner Nancy B’s portfolio.Nbt Bank N A Ny reduced its stake in MMM by selling 1,708 shares or 8.23% in the most recent quarter. The Hedge Fund company now holds 19,039 shares of MMM which is valued at $3,399,794. 3M Co makes up approx 0.58% of Nbt Bank N A Ny’s portfolio.Edgemoor Investment Advisors reduced its stake in MMM by selling 720 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 96,405 shares of MMM which is valued at $17,196,724. 3M Co makes up approx 2.66% of Edgemoor Investment Advisors’s portfolio.Baltimore-washington Financial Advisors boosted its stake in MMM in the latest quarter, The investment management firm added 186 additional shares and now holds a total of 43,787 shares of 3M Co which is valued at $7,805,908. 3M Co makes up approx 2.25% of Baltimore-washington Financial Advisors’s portfolio.

3M Co opened for trading at $181 and hit $181.39 on the upside on Monday, eventually ending the session at $180.56, with a gain of 0.16% or 0.29 points. The heightened volatility saw the trading volume jump to 12,68,247 shares. Company has a market cap of $109,131 M.

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.

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