Genesee Valley Trust Co Lowers stake in 3M Co (MMM)

3M Co (MMM) : Genesee Valley Trust Co reduced its stake in 3M Co by 0.11% during the most recent quarter end. The investment management company now holds a total of 7,920 shares of 3M Co which is valued at $1,343,866 after selling 9 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.3M Co makes up approximately 0.87% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in MMM by selling 579 shares or 87.73% in the most recent quarter. The Hedge Fund company now holds 81 shares of MMM which is valued at $13,744.Ronna Sue Cohen reduced its stake in MMM by selling 167 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 13,455 shares of MMM which is valued at $2,302,689. 3M Co makes up approx 1.74% of Ronna Sue Cohen’s portfolio.Telemus Capital boosted its stake in MMM in the latest quarter, The investment management firm added 469 additional shares and now holds a total of 22,795 shares of 3M Co which is valued at $3,929,630. 3M Co makes up approx 0.44% of Telemus Capital’s portfolio.Acropolis Investment Management boosted its stake in MMM in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 13,202 shares of 3M Co which is valued at $2,275,893. 3M Co makes up approx 0.42% of Acropolis Investment Management’s portfolio.Hefty Wealth Partners boosted its stake in MMM in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 6,017 shares of 3M Co which is valued at $1,037,271. 3M Co makes up approx 0.79% of Hefty Wealth Partners’s portfolio.

3M Co closed down -1.46 points or -0.85% at $169.68 with 19,98,726 shares getting traded on Tuesday. Post opening the session at $170.24, the shares hit an intraday low of $168.69 and an intraday high of $170.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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