What are Analyst's Indicators for 3M Company (MMM), Altria Group, Inc. (MO)

Modesto Morganelli
Settembre 13, 2017

Finally, Princeton Capital Management Inc. purchased a new stake in 3M during the second quarter valued at $203,000.

Several other hedge funds have also recently added to or reduced their stakes in MMM. Jackson Grant Investment Advisers Inc. now owns 718 shares of the conglomerate's stock worth $137,000 after acquiring an additional 4 shares during the last 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. Reilly Financial Advisors LLC lifted its holdings in shares of 3M by 3.9% in the first quarter. 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. Capital reported 0.23% in 3M Co (NYSE:MMM). Tokio Marine Asset Management Co Ltd acquired 21,419 shares as 3M Co (MMM)'s stock rose 7.02%. Capital Management Corp VA boosted its holdings in 3M by 0.3% during the 1st quarter. Institutional investors own 66.31% of the company's stock.

MMM has been the topic of several research reports. The stock of 3M Co (NYSE:MMM) has "Hold" rating given on Wednesday, July 19 by Stifel Nicolaus. Zacks Investment Research downgraded shares of 3M from a "buy" rating to a "hold" rating in a research note on Thursday, May 25th. 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. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $190.00 target price (down from $191.00) on shares of 3M in a research report on Wednesday, July 26th.

Among 14 analysts covering Deutsche Bank AG (NYSE:DB), 2 have Buy rating, 9 Sell and 3 Hold. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $71.69 on company shares.

Shares of 3M Company (MMM) opened at 209.64 on Wednesday. The firm has a 50-day moving average price of $204.39 and a 200-day moving average price of $200.39. The stock has a market capitalization of $125.11 billion, a PE ratio of 23.91 and a beta of 1.08. 3M Company has a 52 week low of $153.64 and a 52 week high of $182.27. Bank of America maintained 3M Co (NYSE:MMM) on Tuesday, June 6 with "Buy" rating. 383.70 million shares or 2.52% more from 374.26 million shares in 2016Q3 were reported. 3M Company had a return on equity of 43.82% and a net margin of 16.77%. The business had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.86 billion. During the same period previous year, the business posted $2.08 EPS. The company's revenue was up 1.9% compared to the same quarter a year ago.

V.F. Corporation (VFC) have shown a high EPS growth of 6.80% in the last 5 years and has earnings decline of -8.70% yoy.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Credit Suisse upgraded the shares of MMM in report on Friday, September 25 to "Outperform" rating. This represents a $4.70 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, August 23rd. 3M's dividend payout ratio 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. 14,616 3M Co (NYSE:MMM) shares with value of $2.86M were sold by Bauman James L. $2.88 million worth of stock was sold by McGrath Marlene Mary on Thursday, May 18. 1,300 3M Co (NYSE:MMM) shares with value of $256,388 were sold by Lindekugel Jon T. 3,016 shares were sold by Price Kimberly F, worth $597,500. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hak Cheol Shin sold 47,528 shares of 3M Company stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $206.66, for a total transaction of $295,110.48. Following the transaction, the vice president now directly owns 3,066 shares in the company, valued at approximately $633,619.56. The disclosure for this sale can be found here. Insiders have sold a total of 9,112 shares of company stock worth $1,878,890 in the last ninety days.

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