Following the completion of the transaction, the chairman now directly owns 253,873 shares of the company's stock, valued at approximately $63,757,665.22. Vetr upgraded 3M from a "hold" rating to a "buy" rating and set a $250.06 price objective on the stock in a report on Monday. First Citizens Bank & Trust Co who had been investing in 3M Co for a number of months, seems to be bullish on the $132.88B market cap company. The stock decreased 0.41% or $0.1 during the last trading session, reaching $24.3. Altria Group, Inc. (NYSE:MO) has risen 11.92% since February 9, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.
National Pension Service raised its holdings in 3M Co (NYSE:MMM) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. Country Club Trust Company sold 2,339 shares as 3M Co (MMM)'s stock rose 7.02%. Insiders have sold a total of 49,673 shares of company stock valued at $12,420,577 over the last three months. 3M Company has a 52 week low of $163.85 and a 52 week high of $214.57. During the same quarter last year, the firm earned $1.88 earnings per share. research analysts expect that 3M Co will post 10.6 EPS for the current year.
3M (NYSE:MMM) last posted its earnings results on Tuesday, July 25th. It has outperformed by 1.89% the S&P500. 4,516,604 shares of the company traded hands, compared to its average volume of 2,580,000. Burke & Herbert Comml Bank & Tru accumulated 6,600 shares or 1.25% of the stock. Krzanich Brian M sold 5,873 shares worth $267,663. Stifel Nicolaus lifted their target price on shares of 3M from $220.00 to $244.00 and gave the stock a "hold" rating in a research report on Wednesday, October 25th. Therefore 52% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was downgraded by Jefferies to "Underperform". The company was maintained on Saturday, August 29 by Needham. As per Friday, October 20, the company rating was maintained by Citigroup.
Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. Sawyer & Company Inc bought a new stake in shares of 3M during the 4th quarter worth $138,000. (NYSE:VZ). Twin Mgmt owns 288,055 shares for 0.75% of their portfolio. Fayez Sarofim And Communication accumulated 50,556 shares. Mcdaniel Terry And, a Texas-based fund reported 115,090 shares. Bedrijfstakpensioenfonds Voor De Media Pno invested in 19,506 shares or 0.46% of the stock. Gm Advisory Grp Inc owns 19,717 shares for 0.38% of their portfolio. Schwab Charles Investment Management Inc. now owns 3,171,136 shares of the conglomerate's stock valued at $746,391,000 after purchasing an additional 142,799 shares during the period. Tradewinds Cap Ltd Llc has 1,245 shares. Swiss Savings Bank reported 16.89M shares. Another trade for 2,826 shares valued at $700,790 was sold by Bauman James L. The insider Keel Paul A sold 4,965 shares worth $1.02 million.
Saratoga Research & Investment Management increased its stake in Altria Group Inc (MO) by 8856.38% based on its latest 2017Q3 regulatory filing with the SEC.
First Citizens Bank & Trust Co, which manages about $768.13M US Long portfolio, decreased its stake in Emerson Elec Co (NYSE:EMR) by 7,086 shares to 14,292 shares, valued at $898,000 in 2017Q3, according to the filing. It has no change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes.
Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/02/10/3m-co-mmm-shares-sold-by-starfire-investment-advisers-inc.html. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.07. White Pine Cap Limited Co holds 0.09% of its portfolio in 3M Company (NYSE:MMM) for 161,770 shares. Zevin Asset Limited Liability Corporation invested 0.41% of its portfolio in 3M Company (NYSE:MMM). Spf Beheer Bv has 3.43% invested in 3M Company (NYSE:MMM) for 388,189 shares.
3M Company (MMM) traded up 1.09% on Thursday, reaching $211.78. Horizon Kinetics Lc invested 0.02% of its portfolio in 3M Company (NYSE:MMM). Carroll Associates owns 11,556 shares. Ngam Limited Partnership holds 75,364 shares. Aspiriant Limited Liability Corp owns 0.26% invested in 3M Company (NYSE:MMM) for 14,805 shares. National Pension reported 0.54% in 3M Company (NYSE:MMM). Drexel Morgan Com reported 8,250 shares or 1.77% of all its holdings. Private Advisor Gp Ltd Liability holds 0.05% or 17,971 shares. Westwood Il reported 0.03% in 3M Company (NYSE:MMM).
Since August 11, 2017, it had 0 insider purchases, and 22 sales for $34.62 million activity.
In related news, Chairman Inge G. Thulin sold 35,236 shares of the business's stock in a transaction dated Wednesday, January 31st. Also, VP Eric D. Hammes sold 1,428 shares of the company's stock in a transaction on Thursday, August 17th. Lindekugel Jon T sold $92,023 worth of stock. The insider Vrohidis Ippocratis sold $56,178. The company has a quick ratio of 1.33, a current ratio of 1.86 and a debt-to-equity ratio of 1.04. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 44% are positive. The firm earned "Hold" rating on Wednesday, October 4 by Robert W. Baird. Citigroup lifted their price objective on shares of 3M from $250.00 to $262.00 and gave the stock a "buy" rating in a report on Wednesday, October 25th. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: "100 Years Later, This Company Continues To Pay Dividends" published on February 04, 2018 as well as Fool.com's news article titled: "3M Company Is Growing at a Faster Pace Than You Think" with publication date: January 26, 2018. On Tuesday, December 12 the stock rating was maintained by RBC Capital Markets with "Hold". The firm has "Hold" rating by Deutsche Bank given on Tuesday, August 25. The rating was maintained by Bernstein with "Market Perform" on Wednesday, March 30. The rating was maintained by Jefferies on Friday, May 26 with "Buy". As per Wednesday, October 25, the company rating was maintained by Argus Research.