Ameritas Advisory Services Doubles Down on 3M Holdings
Ameritas Advisory Services LLC boosted its holdings in shares of 3M Company (NYSE:MMM) by 163.1% in the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.
The firm owned 11,465 shares of the conglomerate's stock after purchasing an additional 7,108 shares during the quarter. Ameritas Advisory Services LLC's holdings in 3M were worth $1.856 million at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in 3M. Commonwealth Retirement Investments LLC acquired a new position in 3M during the fourth quarter valued at $28,000. Compass Financial Management LLC acquired a new stake in 3M in the second quarter worth $38,000.
Wall Street analysts have weighed in on 3M, with Citigroup increasing its target price on shares of 3M from $166.00 to $183.00 and giving the company a 'neutral' rating in a research note on July 22nd. Deutsche Bank Aktiengesellschaft restated a 'hold' rating and set a $192.00 price target on shares of 3M in a research note on July 22nd.