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Are you looking to buy 3M stocks? Chech our BAMagazine with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy NYSE:MMM! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about 3M stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal safety products, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and safety markets. The Transportation and Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive and aerospace, and commercial solutions; advanced materials; and transportation safety products to transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products to healthcare industry. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies to various consumers. This segment is also involved in the retail auto care business. It offers its products through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company has a strategic collaboration with Merry Maids in residential cleaning sector. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
Average volume
3.42 million shs
MARKET CAP
$103.90 billion
Stock exchange
NYSE
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- Stephen Johnson
- August 16, 2021
- No Comments
How to buy 3M stocks?
Below is a quick guide on how to buy NYSE:MMM stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy 3M shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy 3M – Search for “”NYSE:MMM”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought 3M stocks with 0% commission!.
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Is 3M a buy right now?
13 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for 3M in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” 3M stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMM, but not buy additional shares or sell existing shares.
What stocks does BAMagazine like better than 3M?
Wall Street analysts have given 3M a “Hold” rating, but there may be better short-term opportunities in the market. Some of BAMagazine’s past winning trading ideas have resulted in 5-15% weekly gains. BAMagazine just released five new trading ideas, but 3M wasn’t one of them. BAMagazine thinks five stocks may be even better buys in the how to buy stocks guide.
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How to buy 3M stocks step by step guide
It can be difficult to navigate through all the outdated and incorrect information related to purchasing NYSE:MMM stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy 3M stocks with a step by step approach.
Step 1: Open an Account with a Broker
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy 3M stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Step 2: Verify your Account
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Step 3: Fund your eToro Account
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Step 4: Search for 3M stocks
Now that you’ve funded your eToro account, just type “NYSE:MMM stocks” into the search bar at the top of the screen and press “trade”.
Step 5: Buy NYSE:MMM
All that’s left is to buy some NYSE:MMM stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
How And Where To Buy Stocks Conclusion
All in all, NYSE:MMM is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy 3M stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
When is 3M’s next earnings date?
3M is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for 3M.
How were 3M’s earnings last quarter?
3M (NYSE:MMM) posted its quarterly earnings data on Monday, January, 25th. The conglomerate reported $2.38 EPS for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.23. The conglomerate earned $8.58 billion during the quarter, compared to analyst estimates of $8.39 billion. 3M had a net margin of 15.65% and a trailing twelve-month return on equity of 44.77%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 earnings per share.
View 3M’s earnings history.
How has 3M’s stock price been impacted by COVID-19?
3M’s stock was trading at $147.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 22.5% and is now trading at $180.34.
How often does 3M pay dividends? What is the dividend yield for 3M?
3M announced a quarterly dividend on Tuesday, February 2nd. Shareholders of record on Friday, February 12th will be given a dividend of $1.48 per share on Friday, March 12th. This represents a $5.92 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, February 11th. This is a boost from 3M’s previous quarterly dividend of $1.47.
View 3M’s dividend history.
Where to Buy 3M Stocks Broker Reviews
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying NYSE:MMM stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
- eToro takes pride in keeping their customers safe, they follow strict data protection rules to keep access to sensitive information to a minimum. Any of the information you provide eToro is even protected by SSL encryption, this ensures that even if someone were to gain access to the servers all your data remains safe.
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
Excellent for both new and experienced traders
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
Is 3M a good dividend stock?
3M pays an annual dividend of $5.88 per share and currently has a dividend yield of 3.28%. 3M has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of 3M is 64.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 61.89% next year. This indicates that 3M will be able to sustain or increase its dividend.
View 3M’s dividend history.
What guidance has 3M issued on next quarter’s earnings?
3M issued an update on its FY21 earnings guidance on Tuesday, January, 26th. The company provided EPS guidance of $9.20-9.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.52. The company issued revenue guidance of +5-8% (implying $33.8-34.8 billion), compared to the consensus revenue estimate of $33.95 billion.
Compliance
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
What price target have analysts set for MMM?
13 Wall Street analysts have issued 12 month price targets for 3M’s shares. Their forecasts range from $157.00 to $205.00. On average, they expect 3M’s stock price to reach $178.92 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts’ price targets for 3M or view top-rated stocks among Wall Street analysts.
Who are 3M’s key executives?
3M’s management team includes the following people:
Mr. Michael F. Roman, CEO, Pres & Chairman (Age 61, Pay $2.68M)
Dr. Michael G. Vale Ph.D., Exec. VP of Safety & Industrial Bus. Group (Age 55, Pay $1.19M)
Dr. Ashish K. Khandpur, Exec. VP of Transportation & Electronics Bus. Group (Age 53, Pay $1.06M)
Mr. Monish D. Patolawala, Sr. VP & CFO (Age 49)
Ms. Theresa E. Reinseth, VP, Corp. Controller & Chief Accounting Officer (Age 48)
Dr. John P. Banovetz, Sr. VP of Innovation & Stewardship and CTO (Age 52)
Mr. Bruce Jermeland C.F.A., VP of Investor Relations
Mr. Ivan K. Fong, Sr. VP, Gen. Counsel & Sec. (Age 60)
Michael A. Duran, VP and Chief Ethics & Compliance Officer
Ms. Kristen M. Ludgate, Sr. VP of HR (Age 58)
What is Mike Roman’s approval rating as 3M’s CEO?
385 employees have rated 3M CEO Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among 3M’s employees.
Who are some of 3M’s key competitors?
Some companies that are related to 3M include Stryker (SYK), Becton, Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Teleflex (TFX), Insulet (PODD), NovoCure (NVCR), Abiomed (ABMD), Penumbra (PEN), Haemonetics (HAE), Hill-Rom (HRC) and Globus Medical (GMED).
View all of MMM’s competitors.
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What other stocks do shareholders of 3M own?
Based on aggregate information from BAMagazine watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).
What is 3M’s stock symbol?
3M trades on the New York Stock Exchange (NYSE) under the ticker symbol “MMM.”
Who are 3M’s major shareholders?
3M’s stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.14%), Fisher Asset Management LLC (0.85%), FMR LLC (0.81%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Swiss National Bank (0.38%) and California Public Employees Retirement System (0.23%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ivan K Fong, James L Bauman, Jeffrey R Lavers, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, Paul A Keel and Ty R Silberhorn.
View institutional ownership trends for 3M.
Which institutional investors are selling 3M stock?
MMM stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., State of Wisconsin Investment Board, NN Investment Partners Holdings N.V., Swiss National Bank, Russell Investments Group Ltd., Marathon Asset Management LLP, BKD Wealth Advisors LLC, and New York State Teachers Retirement System. Company insiders that have sold 3M company stock in the last year include Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn.
View insider buying and selling activity for 3M or view top insider-selling stocks.
Which institutional investors are buying 3M stock?
MMM stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Fisher Asset Management LLC, Robeco Institutional Asset Management B.V., First Trust Advisors LP, Alpha Cubed Investments LLC, Tompkins Financial Corp, and Kestra Advisory Services LLC. Company insiders that have bought 3M stock in the last two years include David B Dillon, and Gregory R Page.
View insider buying and selling activity for 3M or or view top insider-buying stocks.
How do I buy shares of 3M?
Shares of MMM can be purchased through any online brokerage account. Popular online brokerages with access to the stock market include Interactive Brokers Review, eToro Review, DEGiro Review, AvaTrade Review, IG Markets Review, IC Markets Review, CMC Markets Review, Admiral Markets Review and many more. Read one of the reviews to find out everything about the broker and start buying stocks now.
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At BAMagazine.com we want to make sure that you have all the most relevant information about buying stocks. We bring you the best guides about the stock market with personal reviews, background information, platform reviews, how to’s and more. Want to get other information? Then check out the OTC stocks, NASDAQ stocks, NYSE stocks, LON stocks, FRA stocks, ETR stocks, EPA stocks, TSX stocks or Amex stocks. Looking for more detailed info like 5g stocks, biotech stocks, gold stocks and other information out of our reportlab.
Frequently asked questions
How to buy 3M stocks?
The safest and easiest way to buy NYSE:MMM stocks is by using a regulated broker like eToro or DEGiro. You can open an account with the platform, make a deposit and buy this stock in under 5 minutes from start to finish.
Opening an account with one of these brokers is a smart move, they have been active for more then 10 years, are very safe to use and they have the best platform for novice and experienced traders. If you want to learn more then we suggest you to read our eToro or DeGiro guides.
Where to buy 3M stock?
You will first want to find a licensed broker that supports 3M stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading NYSE:MMM stocks in a safe and complete environment.
Is NYSE:MMM stock a good investment?
As with any other asset, there is an element of risk associated with buying NYSE:MMM stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is 3M stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with NYSE:MMM is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in 3M stock.
How do you trade 3M stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for 3M stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on NYSE:MMM stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell 3M stock?
To sell your NYSE:MMM stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best 3M stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading NYSE:MMM stock.
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Stephen Johnson
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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