Fintel reports that on January 22, 2025, Wells Fargo upgraded their outlook for 3M (SNSE:MMM) from Equal-Weight to Overweight.
What is the Fund Sentiment?
There are 2,943 funds or institutions reporting positions in 3M. This is an increase of 136 owner(s) or 4.85% in the last quarter. Average portfolio weight of all funds dedicated to MMM is 0.31%, an increase of 6.37%. Total shares owned by institutions increased in the last three months by 3.88% to 417,288K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,413K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 17,506K shares , representing a decrease of 0.53%. The firm increased its portfolio allocation in MMM by 24.98% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,388K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 14,203K shares , representing an increase of 1.28%. The firm increased its portfolio allocation in MMM by 24.71% over the last quarter.
Jpmorgan Chase holds 12,556K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 1,663K shares , representing an increase of 86.76%. The firm increased its portfolio allocation in MMM by 10,426.24% over the last quarter.
Geode Capital Management holds 11,294K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 11,288K shares , representing an increase of 0.06%. The firm decreased its portfolio allocation in MMM by 35.25% over the last quarter.
State Farm Mutual Automobile Insurance holds 8,178K shares representing 1.50% ownership of the company. In its prior filing, the firm reported owning 8,277K shares , representing a decrease of 1.21%. The firm decreased its portfolio allocation in MMM by 18.45% over the last quarter.
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