Carlton Hofferkamp Jenks Wealth Management Lowers stake in 3M Co (MMM)

3M Co (MMM) : Carlton Hofferkamp Jenks Wealth Management reduced its stake in 3M Co by 0.3% during the most recent quarter end. The investment management company now holds a total of 6,720 shares of 3M Co which is valued at $1,219,142 after selling 20 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.3M Co makes up approximately 0.94% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.

Other Hedge Funds, Including , Heritage Investors Management Corp reduced its stake in MMM by selling 2,957 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 58,526 shares of MMM which is valued at $10,599,644. 3M Co makes up approx 0.77% of Heritage Investors Management Corp’s portfolio. Maple Securities Usa Inc sold out all of its stake in MMM during the most recent quarter. The investment firm sold 36,824 shares of MMM which is valued $6,599,229. Centurylink Investment Management Co added MMM to its portfolio by purchasing 660 company shares during the most recent quarter which is valued at $116,899. 3M Co makes up approx 0.04% of Centurylink Investment Management Co’s portfolio.

3M Co opened for trading at $181.73 and hit $182.27 on the upside on Wednesday, eventually ending the session at $181.42, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 14,13,335 shares. Company has a market cap of $110,034 M.

On the company’s financial health, 3M Co reported $1.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.92. The company had revenue of $7409.00 million for the quarter, compared to analysts expectations of $7326.17 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 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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