3M Co (MMM) : New Mexico Educational Retirement Board scooped up 2,500 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 70,644 shares of 3M Co which is valued at $12,601,477.3M Co makes up approximately 0.55% of New Mexico Educational Retirement Board’s portfolio.
Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in MMM by selling 6,200 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 107,859 shares of MMM which is valued at $19,239,888. 3M Co makes up approx 0.50% of Utah Retirement Systems’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in MMM by selling 3,234 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 284,657 shares of MMM which is valued at $50,777,116. 3M Co makes up approx 1.28% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Quadrant Capital Group reduced its stake in MMM by selling 870 shares or 21.32% in the most recent quarter. The Hedge Fund company now holds 3,210 shares of MMM which is valued at $572,536. 3M Co makes up approx 0.37% of Quadrant Capital Group’s portfolio. Pggm Investments sold out all of its stake in MMM during the most recent quarter. The investment firm sold 210,842 shares of MMM which is valued $37,586,803.
3M Co opened for trading at $178.9 and hit $179.02 on the upside on Monday, eventually ending the session at $178.58, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 13,27,693 shares. Company has a market cap of $107,934 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.