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%.

TRADEMARK VIOLATION NOTICE: "Crescent Grove Advisors LLC Purchases Shares of 31,750 3M Company (NYSE:MMM)" was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/09/13/3m-company-mmm-shares-bought-by-traynor-capital-management-inc.html.

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.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE