3M Co (MMM) : Blue Bell Private Wealth Management reduced its stake in 3M Co by 7.08% during the most recent quarter end. The investment management company now holds a total of 1,313 shares of 3M Co which is valued at $223,643 after selling 100 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.3M Co makes up approximately 0.13% of Blue Bell Private Wealth Management’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in MMM by selling 2,780 shares or 17.86% in the most recent quarter. The Hedge Fund company now holds 12,784 shares of MMM which is valued at $2,177,499. 3M Co makes up approx 0.31% of Country Club Trust Company N.a.’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in MMM by selling 50 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 5,700 shares of MMM which is valued at $969,114. 3M Co makes up approx 0.39% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Wealthcare Capital Management boosted its stake in MMM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 228 shares of 3M Co which is valued at $38,765.First National Bank Of Mount Dora Trust Investment Services reduced its stake in MMM by selling 1,506 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 8,859 shares of MMM which is valued at $1,527,203. 3M Co makes up approx 0.86% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.
3M Co opened for trading at $170.99 and hit $171.39 on the upside on Friday, eventually ending the session at $170.33, with a gain of 0.18% or 0.31 points. The heightened volatility saw the trading volume jump to 15,12,376 shares. Company has a market cap of $102,948 M.
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.