Hantz Financial Services Inc. Has $4.22 Million Stock Position in 3M (NYSE:MMM)

Hantz Financial Services Inc. reduced its position in shares of 3M (NYSE:MMM) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 32,714 shares of the conglomerate’s stock after selling 755 shares during the period. Hantz Financial Services Inc.’s holdings in 3M were worth $4,223,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in 3M during the third quarter valued at approximately $27,000. McClarren Financial Advisors Inc. raised its position in 3M by 118.6% during the third quarter. McClarren Financial Advisors Inc. now owns 223 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. True Wealth Design LLC raised its position in 3M by 2,466.7% during the third quarter. True Wealth Design LLC now owns 308 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. ORG Partners LLC raised its position in 3M by 44.1% during the fourth quarter. ORG Partners LLC now owns 320 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 98 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in 3M during the third quarter valued at approximately $57,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 3M news, Chairman Michael F. Roman sold 45,276 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $150.01, for a total value of $6,791,852.76. Following the completion of the sale, the chairman now owns 175,718 shares in the company, valued at approximately $26,359,457.18. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rodriguez Beatriz Karin Chavez sold 1,645 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $150.25, for a total transaction of $247,161.25. Following the transaction, the insider now directly owns 5,153 shares of the company’s stock, valued at $774,238.25. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,291 shares of company stock worth $9,339,786 in the last quarter. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MMM shares. Barclays upped their price target on shares of 3M from $161.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Melius upgraded shares of 3M from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Melius Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, October 22nd. Bank of America upped their price target on shares of 3M from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup upped their price target on shares of 3M from $142.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.87.

3M Stock Performance

Shares of MMM opened at $151.55 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $82.53 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.46 and a beta of 0.95. The firm’s fifty day simple moving average is $133.72 and its two-hundred day simple moving average is $130.23. 3M has a 12 month low of $75.40 and a 12 month high of $152.96.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.02. 3M had a net margin of 15.71% and a return on equity of 100.77%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the business earned $2.42 earnings per share. The business’s quarterly revenue was down 25.0% compared to the same quarter last year. As a group, analysts predict that 3M will post 7.66 EPS for the current year.

3M Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.85%. 3M’s dividend payout ratio is presently 37.09%.

3M Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.