MMM - 3M Company
| Previous Close | 168.30 |
| Open | 167.43 |
| Bid | 167.65 x 1200 |
| Ask | 167.99 x 900 |
| Day's Range | 166.80 - 168.29 |
| 52 Week Range | 165.61 - 219.75 |
| Volume | 289,796 |
| Avg. Volume | 2,964,116 |
| Market Cap | 96.361B |
| Beta (3Y Monthly) | 1.09 |
| PE Ratio (TTM) | 17.66 |
| EPS (TTM) | 9.46 |
| Earnings Date | Jul 25, 2019 |
| Forward Dividend & Yield | 5.76 (3.04%) |
| Ex-Dividend Date | 2019-05-23 |
| 1y Target Est | 188.00 |
- Yahoo Finance Video•8 days ago
Haverford Trust Co-CIO: Trump is a slave to the stock market
Markets rebounding on reports that President Trump will be delaying decision on auto tariffs up to six months. Haverford Trust Co-Chief of Investment Hank Smith says Trump is a slave to the stock market. He joins Yahoo Finance's Seana Smith.
- InvestorPlace•19 hours ago
3 Stocks to Buy for Safety in the Trade War
Are you looking for stocks to buy, but yearning for protection from the trade war? A trio of long stock positions in Roku (NASDAQ:ROKU), Chipotle (NYSE:CMG) and CyberArk (NASDAQ:CYBR), which offer diversity and the common thread of bear-bucking relative strength, may be the answer. Let me explain.To say the least, the trade war between China and the U.S. has been a tiring undercurrent in the realm of investing. And there's no telling what's next between the two countries. Nor do we really know what impact this economic tangle may have on a broad mix of publicly-traded stocks ranging from Apple (NASDAQ:AAPL) to 3M (NYSE:MMM) to Starbucks (NASDAQ:SBUX).The good news is there are still many stocks to buy with less risk tied to any future trade deals or even continued escalation between the world's two largest economies. Roku, Chipotle and CyberArk fit this mold.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Stocks to Buy From the IPO ETF And of benefit to bullish investors, ROKU, CMG and CYBR are also leading the way higher through the market's daily headline-driven cheers and jeers tied to the trade war. What's more, these 3 stocks are poised for continued success off and on the price charts and look like prime stocks to buy today. Roku (ROKU) Click to EnlargeROKU is the first of our stocks to buy. Roku is the market's largest over-the-top streaming content provider. And if the company's recent all-around, solid-looking earnings and sales beat and very bullish reaction from Wall Street are any indication, investors haven't seen anything yet.Bottom line, with a market capitalization that's still just under $10 billion, it's not hard to understand the huge upside potential in this market-leading growth stock. Furthermore and on the price chart, it's equally easy to see, in a universe of stocks to buy, why ROKU remains compelling.With shares narrowly breaking out of a small flat base of several days in duration as of Tuesday's close, ROKU is in position for buying right now. I'd set an initial stop-loss at $77. The exit is slightly beneath the congestion pattern and prior highsThere's a bit of trend-line and Fibonacci risk in-between $88 to $95. But with the psychologically appealing $100 level just a stone's throw away and a growth stock known for its volatility, $103 to $105 looks about right for taking initial profits. Chipotle (CMG) Click to EnlargeThe second of our stocks to buy is CMG. For a company which makes healthy eating fast, easy and affordable, it's amazing how Wall Street continues to pooh-pooh Chipotle's business wherewithal. In fact, the current analyst consensus is a hold on shares with a median target roughly 6% below the current price.But that bearish view may be missing the big picture as CMG stock continues to move successfully past its well-publicized health scares which rocked shares for a couple years. As well, other investors are rightfully buying shares right now.Following a late April earnings beat and seven plus weeks of trading in a constructive, mostly lateral basing pattern, CMG stock broke out Monday.Currently, with shares less than 7% from their 2015 all-time-highs and a period where Chipotle enjoyed a sizzling romance with Wall Street, getting in front of a sell-side community known for changing its tune makes CMG a stock to buy today.For Chipotle positioning I'd recommend investors wait for shares to re-cross the pattern breakout of $721.42. This amounts to a second attempt style entry which allows for an additional layer of price confirmation and reduced chance of buying a false breakout. * 7 Safe Stocks to Buy for Anxious Investors For containing risk, an initial stop-loss within congestion but below the key $700 level which also cuts exposure down to about 3% looks like a smart way to position long in Chipotle stock. CyberArk (CYBR) Click to EnlargeThe third in our list of stocks to buy is Israel-based CyberArk. The security software outfit has been a top growth stock in 2019 with shares hitting fresh all-time-highs and quickly approaching a double in price.And there's reasons for investors to be excited given the company's standout quarterly results earlier this month and relative insulation from the trade war between China and U.S. Now there's additional evidence on the price chart for making CYBR a stock to buy today.In Wednesday's session shares of CyberArk are trading at fresh highs after breaking out of a short and irregular two-plus week pullback pattern. With today's reaction also pushing above last week's volatile earnings-driven aftermath beset by profit-taking, the move to fresh highs is impressive.Still, CYBR is volatile and those swings shouldn't be discounted after what's been a very friendly trend and admittedly, a stochastics set-up which appears to be cautioning against bullish bets.My recommendation for this sort of situation is to buy shares and hope for the best. That's not to say investors should leave this stock to buy open to increased risks of failure. Instead, when purchasing CYBR make sure to use CyberArk's options market to contain exposure using any number of limited and reduced risk strategies which fit your expectations.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 3 Stocks to Buy for Safety in the Trade War appeared first on InvestorPlace.
- GlobeNewswire•2 days ago
3M INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In 3M Company To Contact The Firm
NEW YORK, May 21, 2019 -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against 3M Company ("3M" or the.
Bloomberg•3 days agoOne Fire-Breathing Dragon Exchanged for Another: Taking Stock
Huawei-related issues have wrested control of the trade war debate, after the networking giant’s placement on a blacklist by the U.S. Government escalated what was already a tense situation for worldwide indexes -- and tech/chip equipment-makers specifically. Intel Corp., Qualcomm Inc., Xilinx Inc. and Broadcom Inc. and just within the last few hours NXP Semiconductors and Alphabet have all announced they are complying with the Huawei ban, noting they will not be supplying the Chinese firm with hardware or software. Bloomberg Intelligence analysts Woo Jin Ho and John Butler wrote last week that Ericsson, Nokia and Cisco may aim to fill the $5 billion sales opportunity that would be left with Huawei’s absence in some markets.
- MarketWatch•4 days ago
3M’s stock keeps falling as the most-bearish analyst gets even more bearish
Shares of 3M Co. kept sinking Friday, toward the lowest close in years, after Wall Street’s most bearish analyst got even more bearish, citing the company’s overly optimistic growth outlook at a time of very high inventory levels.
- CNBC•6 days ago
JP Morgan warns 3M's troubles will continue, may cut dividend 'after 37 straight years of increase'
J.P. Morgan analyst Stephen Tusa said in a note that 3M's "premium valuation is unjustified by undifferentiated fundamentals," with growth excluding mergers and acquisitions likely decelerating and benefits to margins fading. 3M's quarterly dividend is "on watch for a cut, after 37 straight years of increase," Tusa said. J.P. Morgan pointed to 3M's growing list of liabilities as another risk to the company's earnings-per-share growth.
- Investing.com•6 days ago
Stocks - S&P Falls as U.S.-China Trade Trouble Persists
Investing.com - U.S. stocks closed lower on reports U.S.-China trade talks had stalled, with both sides upping the ante in recent days.
- Business Wire•7 days ago
Glancy Prongay & Murray LLP Continues Investigation on Behalf of 3M Company Investors
Glancy Prongay & Murray LLP (“GPM”) announces the continuation of its investigation on behalf of 3M Company (“3M” or the “Company”) (NYSE: MMM) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On April 25, 2019, 3M disclosed its first quarter 2019 financial and operating results, which fell considerably short of market expectations, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.
- Business Wire•7 days ago
3M and Nobel Media Partner to Explore "The Future of Ageing" at Nobel Prize Dialogue, Madrid, May 22
Nobel Laureates will meet in Madrid with experts and other curious minds to discuss the challenges related to getting older at the Nobel Prize Dialogue on May 22, 2019. Other panels will consider how education needs to change in an ageing society and the rights of older people and health-related aspects of living longer. “3M’s support of this important event represents our commitment to advancing scientific research and education on the future of ageing,” said Kourosh Motalebi, 3M Corporate Affairs, leading 3M–Nobel Strategic Relationship.
- Moody's•7 days ago
Zoo ABS II B.V. -- Moody's upgrades EUR25.9M SF CDO notes of Zoo ABS II B.V.
For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
- Business Wire•8 days ago
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of 3M Company Investors (MMM)
Law Offices of Howard G. Smith announces the continuation of its investigation on behalf of 3M Company investors concerning the Company and its officers’ possible violations of federal securities laws.
- Business Wire•9 days ago
3M Board Declares Quarterly Dividend
The 3M Board of Directors today declared a dividend on the company’s common stock of $1.44 per share for the second quarter of 2019. The dividend is payable Jun. 12, 2019, to shareholders of record at the close of business on May 24, 2019.
- Business Wire•9 days ago
3M Annual Meeting Highlights 2018 Performance
Today Executive Chairman Inge G. Thulin addressed shareholders for the last time highlighting 3M’s 2018 performance at the Annual Meeting of Shareholders in Indianapolis, Ind. CEO Mike Roman takes over the role of chairman of the board effective today. Thulin retires on Jun. 1, 2019, as previously announced. 3M’s 2018 results were marked by organic growth of more than three percent with growth across all business groups and geographies.
- Zacks•9 days ago
Here's Why You Should Avoid Betting on 3M (MMM) Stock Now
3M (MMM) might suffer from weakness in Safety & Industrial, and Transportation & Electronics segments as well as high costs, rise in tax rate and forex woes.
- PR Newswire•10 days ago
Lifshitz & Miller LLP Announces Investigation of 3M Company, Aquantia Corporation, Chesapeake Lodging Trust, Fluor Corporation, Gardner Denver Holdings, Inc., Heron Therapeutics, Inc., Intermolecular, Inc. and Mellanox Technologies, Ltd.
NEW YORK , May 13, 2019 /PRNewswire/ -- 3M Company (MMM) Lifshitz & Miller announces investigation into possible securities laws violations in connection with 3M's reported financial and operating results ...
- Moody's•10 days ago
SHAWBROOK MORTGAGE FUNDING 2019-1 PLC -- Moody's assigns provisional ratings to Notes to be issued by Shawbrook Mortgage Funding 2019-1 plc
Moody's has not assigned a rating to the GBP []M Class Z Mortgage Backed Floating Rate Notes due [2050]. The Notes are backed by a static pool of UK Buy-to-Let ("BTL") mortgage loans originated by Shawbrook Bank Limited ("Shawbrook"). The Reserve Fund will be funded to [1.5]% of the total rated Notes balance at closing and the total credit enhancement for the Class A Notes will be [16.9]%.
- InvestorPlace•13 days ago
3 Reasons to Take a Gamble on MMM Stock
As a legacy stalwart, 3M (NYSE:MMM) almost appears destined to follow in the footsteps of other Dow Jones losers. Last year, MMM stock crumbled, shedding 17%. Even worse, 3M rarely looked competitive. This year seemed to hold some promise, with shares up nearly 16% in mid-April compared to the January opener. Then, the company released its first quarter of 2019 earnings results.Source: Dean Hochman via Flickr (Modified)To say that 3M stock stunk up the markets would be an understatement. Prior to the disclosure, covering analysts pegged earnings per share at $2.49. Unfortunately for stakeholders, 3M delivered only $2.23. To make matters worse, this was a far cry from the EPS of $2.50 from the year-ago quarter.Neither did MMM stock recover in the revenue front. The underlying company reported $7.86 million in sales, down significantly from the $8.02 billion consensus target. Again pouring salt on open, festering wounds, 3M rang up $8.28 billion in Q1 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith such terrible print, the only saving grace for 3M stock would have been the forward guidance. But even here, management disappointed. They're now expecting full-year EPS to hit between $9.25 to $9.75. That's a sharp drop from the previous guidance of $10.45 to $10.90. * 7 Cloud Stocks to Buy on Overcast Days No matter how you look at it, this is a risky story. Still, if you're willing to look at the nuances, MMM stock offers some substance to the contrarian trade. Acelity Takeover a Bright Spot for MMM StockWith 3M stock falling and debt levels rising, the last thing you want to see is management spending large for acquisitions. However, that's exactly what happened a few days ago when 3M bought out Acelity for approximately $6.7 billion. For context, that's the biggest deal in the company's history.More than one analyst has questioned the viability of this move. However, I don't view it as such a bad gig. For starters, the Q1 report revealed that every division within 3M's ranks were duds, except for one: healthcare. Mind you, it wasn't great growth, but it was growth nevertheless.While I'm concerned about the spend -- who isn't? -- at least management is investing in proven winners. Acelity bolsters 3M's already strong presence in wound-care. This buyout alone could make things interesting from a sales-growth perspective.Secondly, healthcare is a diverse market. Some segments are straight-up risky, especially if we have a transition in power in 2020. Other segments, like wound-care, offer an almost-guaranteed path to profitability.For example, experts believe that the North American wound-care market will grow at a compound annual growth rate of over 7% till 2024. In addition, specific wound-care segments, such as chronic and surgical wounds, offer potentially lucrative revenue channels.Like I said, it's not a perfect situation for MMM stock. But at the very least, management is banking on industries that make sense. Asia Headwinds Are a Temporary Problem for 3M StockYou can't blame any one factor for the Q1 disaster. That said, you can't ignore the giant elephant in the room: the U.S.-China standoff negatively impacted 3M's Asian-market sales.The tit-for-tat lasted for far longer than many political observers anticipated. But because the pain on both sides of the Pacific was so intense, the Trump administration appeared willing to negotiate with its Chinese counterparts.Apparently, that was wishful thinking. In a stunning plot twist, President Donald Trump raised tariffs on roughly $200 billion in Chinese goods from 10% to 25%.Still, with a critical election coming up in 2020, Trump must do everything possible to grow the economy. Therefore, look for a substantive deal with the Chinese eventually, which will benefit 3M stock longer-term. 3M Stock has Relevant ProductsI'll never forget a conversation I had with my friend, who formerly worked in the extermination business. In the era of smartphones and GPS navigation, I questioned why he continued to buy Thomas Guide maps.He answered a question with a question: what happens if your smartphone battery suddenly dies or your car conks out? Do you tick off your clients while scrambling for an excuse? In this case, my friend had a back-up plan ready to go.And that's really one of the ironies of this digital age. As we dive further into the Internet of Things, "analog" products become even more relevant, not less. That's because we can't forget a core tenet of technology: it fails, and usually at the worst time possible.You might laugh at archaic innovations like Post-it Notes. But after all these years, I've never worked in a business that didn't have them. And no computer is worth more than a piece of sticky paper if that computer doesn't work. That's why even if it's risky, MMM stock is worthy of your consideration.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 3 Reasons to Take a Gamble on MMM Stock appeared first on InvestorPlace.
- Barrons.com•13 days ago
3M Stock Crashed After Earnings, but One Director Just Bought Shares
Director Gregory R. Page, retired Cargill CEO, bought the conglomerate’s stock earlier this week. He’s the only 3M insider to buy stock on the open market since 2013.
- GlobeNewswire•14 days ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of 3M Company - MMM
Pomerantz LLP is investigating claims on behalf of investors of 3M Company (“3M” or the “Company”) (NYSE: MMM). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. On April 25, 2019, 3M reported its financial and operating results for the first quarter of 2019, which fell significantly short of market expectations.
- Business Wire•14 days ago
Glancy Prongay & Murray LLP Announces Investigation on Behalf of 3M Company Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of 3M Company (“3M” or the “Company”) (NYSE: MMM) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On April 25, 2019, 3M disclosed its first quarter 2019 financial and operating results, which fell considerably short of market expectations, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.
