National Pension Service buys $63,398,870 stake in 3M Co (MMM)

3M Co (MMM) : National Pension Service scooped up 29,989 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 372,212 shares of 3M Co which is valued at $63,398,870.3M Co makes up approximately 0.52% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MMM in the latest quarter, The investment management firm added 4,606 additional shares and now holds a total of 143,676 shares of 3M Co which is valued at $24,472,333. 3M Co makes up approx 0.55% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Legal General Group Plc boosted its stake in MMM in the latest quarter, The investment management firm added 70,006 additional shares and now holds a total of 2,818,472 shares of 3M Co which is valued at $478,238,329. 3M Co makes up approx 0.49% of Legal General Group Plc’s portfolio.Bristlecone Advisors reduced its stake in MMM by selling 350 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 3,328 shares of MMM which is valued at $564,695. 3M Co makes up approx 0.21% of Bristlecone Advisors’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in MMM by selling 223 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 12,936 shares of MMM which is valued at $2,213,867. 3M Co makes up approx 0.68% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Trust Co Of Oklahoma boosted its stake in MMM in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 7,967 shares of 3M Co which is valued at $1,364,986. 3M Co makes up approx 0.76% of Trust Co Of Oklahoma’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.

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