Shelton Capital Management Lowers stake in 3M Co (MMM)

3M Co (MMM) : Shelton Capital Management reduced its stake in 3M Co by 5.82% during the most recent quarter end. The investment management company now holds a total of 27,586 shares of 3M Co which is valued at $4,920,791 after selling 1,705 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.3M Co makes up approximately 0.43% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Fort Pitt Capital Group reduced its stake in MMM by selling 241 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 7,748 shares of MMM which is valued at $1,382,088. 3M Co makes up approx 0.16% of Fort Pitt Capital Group’s portfolio.Savant Capital boosted its stake in MMM in the latest quarter, The investment management firm added 683 additional shares and now holds a total of 5,731 shares of 3M Co which is valued at $1,022,181. 3M Co makes up approx 0.28% of Savant Capital’s portfolio.Benedict Financial Advisors Inc boosted its stake in MMM in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 9,287 shares of 3M Co which is valued at $1,655,593. 3M Co makes up approx 0.96% of Benedict Financial Advisors Inc’s portfolio.Huntington National Bank reduced its stake in MMM by selling 59,862 shares or 24.9% in the most recent quarter. The Hedge Fund company now holds 180,529 shares of MMM which is valued at $32,182,905. 3M Co makes up approx 0.78% of Huntington National Bank’s portfolio.Mazama Capital Management Inc boosted its stake in MMM in the latest quarter, The investment management firm added 2,439 additional shares and now holds a total of 21,357 shares of 3M Co which is valued at $3,782,752. 3M Co makes up approx 0.74% of Mazama Capital Management Inc’s portfolio.

3M Co closed down -0.57 points or -0.32% at $177.81 with 10,72,341 shares getting traded on Thursday. Post opening the session at $178.96, the shares hit an intraday low of $177.64 and an intraday high of $179.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, 3M Co reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $2.07. The company had revenue of $7662.00 million for the quarter, compared to analysts expectations of $7710.77 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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