BKD Wealth Advisors LLC Has $4.40 Million Holdings in 3M Co (MMM)

BKD Wealth Advisors LLC raised its stake in shares of 3M Co (NYSE:MMM) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 18,674 shares of the conglomerate’s stock after purchasing an additional 360 shares during the period. 3M makes up approximately 0.4% of BKD Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. BKD Wealth Advisors LLC’s holdings in 3M were worth $4,395,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Smithbridge Asset Management Inc. DE lifted its position in shares of 3M by 10.7% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 12,410 shares of the conglomerate’s stock worth $2,921,000 after buying an additional 1,197 shares in the last quarter. Alpha Windward LLC lifted its position in shares of 3M by 16.5% during the 4th quarter. Alpha Windward LLC now owns 1,441 shares of the conglomerate’s stock worth $339,000 after buying an additional 204 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of 3M by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,171,136 shares of the conglomerate’s stock worth $746,391,000 after buying an additional 142,799 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of 3M by 3.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,119 shares of the conglomerate’s stock worth $3,559,000 after buying an additional 536 shares in the last quarter. Finally, Coastline Trust Co lifted its position in shares of 3M by 18.8% during the 4th quarter. Coastline Trust Co now owns 11,295 shares of the conglomerate’s stock worth $2,658,000 after buying an additional 1,790 shares in the last quarter. Institutional investors and hedge funds own 66.23% of the company’s stock.

Shares of 3M Co (NYSE MMM) opened at $248.18 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.07 and a debt-to-equity ratio of 0.89. The company has a market cap of $147,820.00, a P/E ratio of 27.70, a P/E/G ratio of 2.43 and a beta of 1.10. 3M Co has a 1-year low of $173.55 and a 1-year high of $249.00.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. 3M had a net margin of 17.71% and a return on equity of 48.55%. The company had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. 3M’s revenue was up 6.0% on a year-over-year basis. analysts expect that 3M Co will post 9.1 earnings per share for the current fiscal year.

In other 3M news, VP Khandpur K. Ashish sold 4,004 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $231.39, for a total transaction of $926,485.56. Following the sale, the vice president now owns 5,236 shares of the company’s stock, valued at approximately $1,211,558.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Inge G. Thulin sold 6,823 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $233.14, for a total transaction of $1,590,714.22. Following the sale, the chairman now directly owns 196,906 shares in the company, valued at approximately $45,906,664.84. The disclosure for this sale can be found here. Insiders have sold a total of 22,804 shares of company stock worth $5,303,706 in the last three months. Insiders own 0.58% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of 3M from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research report on Monday, January 15th. Jefferies Group lifted their price target on shares of 3M to $262.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $205.00 price target on shares of 3M in a report on Friday, October 13th. Stifel Nicolaus lifted their price target on shares of 3M from $220.00 to $244.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley lifted their price target on shares of 3M from $190.00 to $201.00 and gave the stock an “underweight” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $235.01.

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About 3M

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Institutional Ownership by Quarter for 3M (NYSE:MMM)

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