5 Cheap Blue Chip Stocks To Buy

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In this piece, we will take a look at the five cheap blue chip stocks to buy. If you want to learn more about the illustrious stock index and its recent performance, then check out 13 Cheap Blue Chip Stocks To Buy.

5. 3M Company (NYSE:MMM)

Forward Price To Earnings Ratio: 9.78

3M Company (NYSE:MMM) is a global industrial conglomerate with close to a hundred thousand employees. It released its third quarter earnings in late October, and despite the fact that analysts continue to rate the stock as Neutral, Underperform, or Underweight, the firm upgraded its 2023 EPS forecast to a high end of $9.15. This led to a stock price appreciation after the earnings report.

After digging through 910 hedge fund portfolios for their Q2 2023 investments, Insider Monkey found that 49 had held a stake in 3M Company (NYSE:MMM). Ken Fisher’s Fisher Asset Management owns the biggest stake among these which is worth $266 million and comes via 2.6 million shares.

Follow 3M Co (NYSE:MMM)

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