Fintel reports that on October 22, 2024, Melius Research upgraded their outlook for 3M (WBAG:MMM) from Hold to Buy.
What is the Fund Sentiment?
There are 2,808 funds or institutions reporting positions in 3M. This is an increase of 107 owner(s) or 3.96% in the last quarter. Average portfolio weight of all funds dedicated to MMM is 0.30%, an increase of 9.76%. Total shares owned by institutions increased in the last three months by 4.04% to 394,575K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,506K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 17,383K shares , representing an increase of 0.70%. The firm decreased its portfolio allocation in MMM by 5.65% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,203K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 13,928K shares , representing an increase of 1.94%. The firm decreased its portfolio allocation in MMM by 7.00% over the last quarter.
Geode Capital Management holds 11,288K shares representing 2.05% ownership of the company. In its prior filing, the firm reported owning 11,100K shares , representing an increase of 1.66%. The firm decreased its portfolio allocation in MMM by 41.95% over the last quarter.
State Farm Mutual Automobile Insurance holds 8,277K shares representing 1.51% ownership of the company. No change in the last quarter.
Newport Trust holds 7,592K shares representing 1.38% ownership of the company. In its prior filing, the firm reported owning 7,802K shares , representing a decrease of 2.77%. The firm decreased its portfolio allocation in MMM by 13.34% over the last quarter.
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