3M Company stock is trading -9.31% below its average target price of $105.96 after dropping -11.0% during today's morning session. Analysts are giving the large-cap Medical Instruments & Supplies company an average rating of hold and target prices ranging from $83.0 to $120.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 1.94. The company's insiders own 0.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 66.6% of 3M Company's shares being owned by this investor type.
Institutions Invested in 3M Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 49,033,679 | $4,712,136,477 |
| 2023-09-30 | Blackrock Inc. | 7% | 39,680,781 | $3,813,322,993 |
| 2023-09-30 | State Street Corporation | 6% | 35,211,119 | $3,383,788,482 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 12,036,846 | $1,156,740,882 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 10,588,422 | $1,017,547,338 |
| 2023-09-30 | Morgan Stanley | 2% | 10,226,821 | $982,797,482 |
| 2023-09-30 | State Farm Mutual Automobile Insurance Co | 2% | 8,949,621 | $860,058,564 |
| 2023-09-30 | Newport Trust Company, LLC | 2% | 8,289,000 | $796,572,887 |
| 2023-09-30 | Northern Trust Corporation | 1% | 6,777,155 | $651,284,585 |
| 2023-09-30 | Bank of America Corporation | 1% | 6,566,404 | $631,031,414 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on 3M Company.
