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Principale » Evaluate Stock's Volatility before Making Any Investment Decision: 3M Company (MMM)

Evaluate Stock's Volatility before Making Any Investment Decision: 3M Company (MMM)

13 Septembre 2017

Tokio Marine Asset Management Co Ltd increased 3M Co (MMM) stake by 35.02% reported in 2016Q4 SEC filing. The firm owned 12,584 shares of the conglomerate's stock after purchasing an additional 1,109 shares during the quarter. 3M makes up about 1.9% of Crescent Grove Advisors LLC's holdings, making the stock its 11th biggest holding. Usca Ria LLC's holdings in 3M Company were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MMM. Jackson Grant Investment Advisers Inc. raised its stake in 3M by 0.6% during the first quarter. Vanguard Group Inc. now owns 42,183,048 shares of the company's stock worth $7,387,096,000 after buying an additional 822,712 shares during the period. Aqr Capital Management Llc sold 44,433 shares as Deutsche Bank Ag (DB)'s stock rose 9.91%. American Research & Management Co. now owns 935 shares of the conglomerate's stock worth $179,000 after buying an additional 70 shares during the period. Baystate Wealth Management LLC boosted its holdings in 3M by 0.6% during the 1st quarter. Following the completion of the sale, the insider now owns 5,503 shares of the company's stock, valued at approximately $1,134,498.48. Smith Chas P & Associates PA Cpas now owns 1,952 shares of the conglomerate's stock valued at $374,000 after acquiring an additional 13 shares during the period. Numeric Investors Limited Company owns 1,300 shares or 0% of their United States portfolio.

MMM has been the subject of several research analyst reports. Finally, Jefferies Group LLC reaffirmed a "buy" rating and set a $234.00 target price on shares of 3M in a research report on Thursday, June 1st. Zacks Investment Research raised 3M from a "hold" rating to a "buy" rating and set a $237.00 price objective on the stock in a research report on Monday, June 19th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $209.00 price objective (down previously from $210.00) on shares of 3M in a research report on Wednesday, July 26th. Morgan Stanley maintained it with "Underweight" rating and $157 target in Wednesday, March 30 report. The company has an average rating of "Hold" and a consensus price target of $206.68. Bartlett & Company Ltd Limited Liability Company holds 0.27% in 3M Co (NYSE:MMM) or 32,181 shares. The company's 50-day moving average price is $204.39 and its 200 day moving average price is $200.39.

The company P/E (price to earnings) ratio is 23.44 and Forward P/E ratio is 21.78.

The highest price MMM stock touched in the last 12 month was $214.57 and the lowest price it hit in the same period was $163.85. Bank of America maintained 3M Co (NYSE:MMM) on Tuesday, June 6 with "Buy" rating. The conglomerate reported $2.58 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.59 by ($0.01).

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ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The company had revenue of $7.81 billion during the quarter, compared to the consensus estimate of $7.86 billion. During the same period past year, the business posted $2.08 EPS. The firm's quarterly revenue was up.4% compared to the same quarter past year. Analysts forecast that 3M Company will post $8.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were paid a $1.175 dividend.

Presently 3M Company (NYSE:MMM) stock have an ABR of 2.64. The ex-dividend date of this dividend is Wednesday, August 23rd. 3M's dividend payout ratio (DPR) is now 53.59%.

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Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. $2.86 million worth of 3M Co (NYSE:MMM) was sold by Bauman James L on Thursday, May 11. The stock was sold at an average price of $174.00, for a total transaction of $75,864.00. Insiders sold a total of 9,112 shares of company stock valued at $1,878,890 over the last ninety days. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eric D. Hammes sold 1,428 shares of the firm's stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $206.03, for a total value of $560,195.57. 3M Company's institutional ownership is 68.5%, while its institutional transactions stand at 0.71%. The disclosure for this sale can be found here. The short ratio in the company's stock is documented at 5.07 and the short float is around of 1.45%. The stock's quarterly performance indicates a negative momentum of -0.6 percent, whereas its last one month trend is pessimistic with -0.38 percent.