Garcia Hamilton Associates Lpde Lowers stake in 3M Co (MMM)

3M Co (MMM) : Garcia Hamilton Associates Lpde reduced its stake in 3M Co by 5.53% during the most recent quarter end. The investment management company now holds a total of 20,923 shares of 3M Co which is valued at $3,771,789 after selling 1,224 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.3M Co makes up approximately 2.17% of Garcia Hamilton Associates Lpde’s portfolio.

Other Hedge Funds, Including , Fayez Sarofim Co boosted its stake in MMM in the latest quarter, The investment management firm added 3,709 additional shares and now holds a total of 54,145 shares of 3M Co which is valued at $9,760,719. 3M Co makes up approx 0.05% of Fayez Sarofim Co’s portfolio.Everett Harris Co Ca boosted its stake in MMM in the latest quarter, The investment management firm added 630 additional shares and now holds a total of 115,373 shares of 3M Co which is valued at $20,580,236. 3M Co makes up approx 0.72% of Everett Harris Co Ca’s portfolio.Strs Ohio reduced its stake in MMM by selling 25,939 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 364,138 shares of MMM which is valued at $64,914,881. 3M Co makes up approx 0.28% of Strs Ohio’s portfolio.Canandaigua National Bank Trust Co boosted its stake in MMM in the latest quarter, The investment management firm added 839 additional shares and now holds a total of 20,790 shares of 3M Co which is valued at $3,706,233. 3M Co makes up approx 1.05% of Canandaigua National Bank Trust Co’s portfolio.Highstreet Asset Management reduced its stake in MMM by selling 1,262 shares or 7.4% in the most recent quarter. The Hedge Fund company now holds 15,782 shares of MMM which is valued at $2,847,704. 3M Co makes up approx 0.97% of Highstreet Asset Management’s portfolio.

3M Co opened for trading at $178.66 and hit $179.78 on the upside on Friday, eventually ending the session at $179.61, with a gain of 0.24% or 0.43 points. The heightened volatility saw the trading volume jump to 13,05,289 shares. Company has a market cap of $108,556 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.

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