In the latest trading session, 5.41 million 3M Co. (NYSE:MMM) shares changed hands as the company’s beta touched 0.93. With the company’s most recent per share price at $133.75 changed hands at -$1.09 or -0.81% at last look, the market valuation stands at $73.48B. MMM’s current price is a discount, trading about -5.21% off its 52-week high of $140.72. The share price had its 52-week low at $71.35, which suggests the last value was 46.65% up since then. When we look at 3M Co.’s average trading volume, we note the 10-day average is 2.95 million shares, with the 3-month average coming to 4.09 million.

Analysts gave the 3M Co. (MMM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.47. If we narrow down to specifics, the data shows that 1 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended MMM as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.

3M Co. (NYSE:MMM) trade information

Instantly MMM was in red as seen in intraday trades today. With action -1.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 46.34%, with the 5-day performance at -1.46% in the red. However, in the 30-day time frame, 3M Co. (NYSE:MMM) is -1.39% down. Looking at the short shares, we see there were 7.34 million shares sold at short interest cover period of 1.91 days.

The consensus price target for the stock as assigned by Wall Street analysts is 146, meaning bulls need an upside of 8.39% from its recent market value. According to analyst projections, MMM’s forecast low is 95 with 190 as the target high. To hit the forecast high, the stock’s price needs a -42.06% plunge from its current level, while the stock would need to tank 28.97% for it to hit the projected low.

3M Co. (MMM) estimates and forecasts

Data shows that the 3M Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 43.82% over the past 6 months, a -21.65% in annual growth rate that is considerably lower than the industry average of -2.70%.

The 2024 estimates are for 3M Co. earnings to decrease by -5.99%, but the outlook for the next 5-year period is at -4.30% per year.

MMM Dividends

3M Co. is expected to release its next quarterly earnings report on 2024-Oct-22. The 3.30% annual yield figure for the share gives it an annual dividend of 4.41. It is important to note, however, that the 3.30% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.36 per year.

3M Co. (NYSE:MMM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.11% of 3M Co. shares while 66.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.73%. There are 66.66% institutions holding the 3M Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.9909% of the shares, roughly 49.9 million MMM shares worth $5.1 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.9125% or 38.36 million shares worth $3.92 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 17.51 shares estimated at $2.33 billion under it, the former controlled 3.19% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.59% of the shares, roughly 14.2 shares worth around $1.89 billion.