3M (NYSE:MMM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in 3M ( NYSE:MMM – Free Report ) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.

The firm owned 102,773 shares of the conglomerate’s stock after acquiring an additional 11,032 shares during the period. American Century Companies Inc.’s holdings in 3M were worth $13,267,000 as of its most recent SEC filing.



Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in shares of 3M during the fourth quarter worth $25,000. Proficio Capital Partners LLC acquired a new position in 3M in the 4th quarter worth $26,000.

Daymark Wealth Partners LLC boosted its position in 3M by 9.0% in the 4th quarter. Daymark Wealth Partners LLC now owns 237,297 shares of the conglomerate’s stock valued at $31,000 after buying an additional 19,552 shares during the last quarter.

ORG Partners LLC grew its stake in shares of 3M by 44.1% during the fourth quarter. ORG Partners LLC now owns 320 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 98 shares in the last quarter.

Finally, Catalyst Capital Advisors LLC increased its position in shares of 3M by 81.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 163 shares during the last quarter.

Institutional investors and hedge funds own 65.25% of the company’s stock. Analyst Upgrades and Downgrades A number of equities research analysts have recently issued reports on the stock.

Citigroup upped their target price on shares of 3M from $142.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd.

Bank of America increased their target price on 3M from $175.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, March 6th.

Royal Bank of Canada reiterated an “underperform” rating and issued a $96.00 price target on shares of 3M in a report on Thursday, February 27th. JPMorgan Chase & Co.

raised their price objective on 3M from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd.

Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of 3M in a research note on Saturday, March 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.

com, 3M has a consensus rating of “Moderate Buy” and a consensus price target of $149.13. Insider Activity In related news, EVP Victoria Clarke sold 1,750 shares of the company’s stock in a transaction that occurred on Friday, January 31st.

The shares were sold at an average price of $154.22, for a total value of $269,885.00.

Following the completion of the sale, the executive vice president now owns 194 shares in the company, valued at approximately $29,918.68. This represents a 90.

02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Rodriguez Beatriz Karin Chavez sold 1,645 shares of the business’s stock in a transaction on Monday, January 27th.

The shares were sold at an average price of $150.25, for a total transaction of $247,161.25.

Following the sale, the insider now directly owns 5,153 shares in the company, valued at approximately $774,238.25. This trade represents a 24.

20 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders sold 113,639 shares of company stock worth $17,163,446.

Insiders own 0.34% of the company’s stock. 3M Price Performance NYSE MMM opened at $147.

74 on Wednesday. 3M has a 12 month low of $89.54 and a 12 month high of $156.

35. The firm has a market capitalization of $79.68 billion, a PE ratio of 19.

57, a P/E/G ratio of 3.30 and a beta of 0.97.

The company’s 50 day simple moving average is $149.73 and its 200 day simple moving average is $138.49.

The company has a debt-to-equity ratio of 2.86, a current ratio of 1.41 and a quick ratio of 1.

08. 3M ( NYSE:MMM – Get Free Report ) last announced its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.

68 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.02.

3M had a return on equity of 100.77% and a net margin of 15.71%.

The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.77 billion.

During the same quarter in the prior year, the firm posted $2.42 earnings per share. The company’s revenue was down 25.

0% on a year-over-year basis. As a group, equities research analysts forecast that 3M will post 7.8 EPS for the current fiscal year.

3M Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 14th were given a $0.73 dividend.

This is a positive change from 3M’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, February 14th.

This represents a $2.92 annualized dividend and a yield of 1.98%.

3M’s payout ratio is 38.68%. 3M Company Profile ( Free Report ) 3M Company provides diversified technology services in the United States and internationally.

The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Further Reading Five stocks we like better than 3M 3 Healthcare Dividend Stocks to Buy D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy 3 Warren Buffett Stocks to Buy Now Amazon Falls Back to a Key Support Line: Here’s How to Play It Basic Materials Stocks Investing Buffett Trims Equities, But Still Keeps Buying This Stock Want to see what other hedge funds are holding MMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3M ( NYSE:MMM – Free Report ).

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