Financial Engines Advisors L.L.C. Has $823,000 Holdings in 3M (NYSE:MMM)

Financial Engines Advisors L.L.C. increased its position in 3M (NYSE:MMM - Free Report) by 204.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,377 shares of the conglomerate's stock after purchasing an additional 4,281 shares during the period. Financial Engines Advisors L.L.C.'s holdings in 3M were worth $823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of 3M in the fourth quarter worth approximately $25,000. Proficio Capital Partners LLC purchased a new stake in 3M in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new stake in shares of 3M during the 3rd quarter valued at $27,000. Daymark Wealth Partners LLC grew its holdings in shares of 3M by 9.0% during the 4th quarter. Daymark Wealth Partners LLC now owns 237,297 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 19,552 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of 3M by 44.1% in the fourth quarter. ORG Partners LLC now owns 320 shares of the conglomerate's stock worth $41,000 after acquiring an additional 98 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Victoria Clarke sold 1,750 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $154.22, for a total value of $269,885.00. Following the completion of the transaction, the executive vice president now directly owns 194 shares of the company's stock, valued at approximately $29,918.68. This represents a 90.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael F. Roman sold 49,598 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $152.30, for a total value of $7,553,775.40. Following the completion of the sale, the chairman now directly owns 180,895 shares in the company, valued at approximately $27,550,308.50. This represents a 21.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,639 shares of company stock worth $17,163,446. Company insiders own 0.34% of the company's stock.

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3M Stock Performance

MMM stock traded down $3.70 on Friday, reaching $144.74. 2,581,499 shares of the company were exchanged, compared to its average volume of 4,133,279. The firm has a market capitalization of $78.58 billion, a PE ratio of 19.17, a PEG ratio of 3.30 and a beta of 0.97. 3M has a 12 month low of $88.23 and a 12 month high of $156.35. The stock's fifty day moving average price is $149.60 and its 200 day moving average price is $138.23. 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 posted its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.02. 3M had a net margin of 15.71% and a return on equity of 100.77%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the firm posted $2.42 EPS. The business's revenue was down 25.0% compared to the same quarter last year. On average, research analysts anticipate that 3M will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 14th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, February 14th. This is a positive change from 3M's previous quarterly dividend of $0.70. 3M's dividend payout ratio (DPR) is presently 38.68%.

Wall Street Analyst Weigh In

A number of research analysts have commented on MMM shares. Weiss Ratings restated a "hold (c+)" rating on shares of 3M in a research note on Saturday, March 22nd. Citigroup increased their price objective on 3M from $142.00 to $152.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of 3M from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $140.00 to $170.00 in a research note on Wednesday, January 22nd. Bank of America increased their price target on shares of 3M from $175.00 to $179.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 3M from $162.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Two equities research 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.13.

About 3M

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.