Time: 2024-07-21
Kingsview Wealth Management LLC reduced its stake in 3 M by 30.0 % during the first quarter , while other institutional investors like Jade Capital Advisors LLC , MWsset Management , Scarborough Advisors LLC , KMG Fiduciary Partners LLC , and Norden Group LLC also made changes to their holdings . These adjustments have impacted the conglomerate 's stock value significantly.
Analysts from various firms have issued reports on 3 M , with differing opinions on the company 's performance . Ratings range from " neutral " to " buy , " with price targets being adjusted accordingly . The average consensus rating for 3 M currently stands at " Hold , " with an average price target of 12.17.
3 M 's stock performance on the New York Stock Exchange ( NYSE : MMM ) has been closely monitored , with shares trading at around 03.90 . The company 's market capitalization is 7.49 billion , and it has shown a one - year low of 1.12 and a high of 06.04 . Analysts are optimistic about 3 M 's future earnings potential.
3 M recently reported its quarterly earnings , exceeding expectations with .39 earnings per share . The company 's revenue for the quarter was billion , showcasing positive growth . Despite this , 3 M has decided to cut its quarterly dividend , affecting stockholders and the company 's dividend payout ratio.
Dorsey & Whitney Trust CO LLC also decreased its position in 3 M during the first quarter , indicating a trend among investment firms to reassess their holdings in the conglomerate . This shift in ownership could influence future stock prices and market dynamics.
Wall Street analysts have provided insights into 3 M 's performance , with upgrades and price target adjustments . The company 's profile showcases diversified technology services , with a focus on safety and industrial solutions . Understanding analysts ' perspectives and the company 's offerings is crucial for investors looking to make informed decisions in the stock market.
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