Wellington Management Group Sells 151,480 Shares of 3M Company

Wellington Management Group LLP has reduced its stake in 3M Company (NYSE:MMM) by selling 151,480 shares. This represents a 31.4% decrease from their previous position.

The institutional investor now owns 330,679 shares of the conglomerate's stock, which accounts for approximately 0.06% of 3M's total value.

According to the company's most recent Form 13F filing with the Securities and Exchange Commission, Wellington Management Group LLP owned shares worth $53,540,000 at the end of the quarter.

This is not an isolated incident; other hedge funds and institutional investors have also made adjustments to their positions in 3M. American Trust increased its stake by 3.4% during the fourth quarter, while Walter & Keenan Wealth Management LLC IN ADV boosted its position by 1.0% during the third quarter.

Cornerstone Planning Group LLC lifted its position by 32.1% in the first quarter, and Williams Jones Wealth Management LLC increased its stake by 2.4% in the fourth quarter.