Tag: WM

Beese Fulmer Investment Management Inc. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 13.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,635 shares of the business services provider’s stock after selling 249 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Waste Management were worth $348,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in Waste Management by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after buying an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its holdings in Waste Management by 5.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 332 shares during the period. International Assets Investment Management LLC boosted its holdings in Waste Management by 13,927.7% during the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after acquiring an additional 500,701 shares during the period. Pacer Advisors Inc. boosted its holdings in Waste Management by 93.0% during the fourth quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after acquiring an additional 22,455 shares during the period. Finally, DSM Capital Partners LLC bought a new stake in Waste Management during the fourth quarter valued at about $38,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

NYSE WM opened at $207.89 on Thursday. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.42 and a beta of 0.74. The company has a 50 day moving average of $207.24 and a 200-day moving average of $198.00. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. CIBC upped their price target on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Truist Financial increased their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada increased their target price on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Finally, Oppenheimer increased their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $217.61.

Read Our Latest Stock Analysis on WM

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

Read More

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).

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Calamos Advisors LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 174,224 shares of the business services provider’s stock after selling 26,687 shares during the period. Calamos Advisors LLC’s holdings in Waste Management were worth $28,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Acadian Asset Management LLC boosted its position in Waste Management by 534.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 2,817 shares in the last quarter. Blair William & Co. IL boosted its position in Waste Management by 0.7% during the 1st quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after acquiring an additional 370 shares in the last quarter. Baird Financial Group Inc. boosted its position in Waste Management by 0.6% during the 1st quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after acquiring an additional 2,309 shares in the last quarter. Covestor Ltd boosted its position in Waste Management by 83.8% during the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Waste Management by 44.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after purchasing an additional 10,212 shares in the last quarter. Institutional investors own 78.91% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Waste Management in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating and raised their target price for the stock from $171.00 to $177.00 in a research note on Friday, April 28th. 51job restated a “maintains” rating on shares of Waste Management in a research note on Thursday, April 27th. Morgan Stanley raised their target price on Waste Management from $179.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 6th. Finally, Citigroup reduced their target price on Waste Management from $204.00 to $202.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.18.

Insider Buying and Selling

In related news, Director John C. Pope sold 198 shares of Waste Management stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $168.40, for a total value of $33,343.20. Following the sale, the director now directly owns 56,147 shares in the company, valued at approximately $9,455,154.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of Waste Management stock opened at $162.94 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.82 and a debt-to-equity ratio of 2.14. Waste Management, Inc. has a twelve month low of $148.31 and a twelve month high of $175.98. The business has a 50-day moving average price of $166.28 and a 200 day moving average price of $160.75. The firm has a market cap of $66.29 billion, a PE ratio of 29.31, a P/E/G ratio of 2.74 and a beta of 0.73.

Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.03). Waste Management had a net margin of 11.42% and a return on equity of 33.81%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. Waste Management’s revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts predict that Waste Management, Inc. will post 5.98 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, June 1st. Waste Management’s payout ratio is 50.36%.

Waste Management Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

Further Reading

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).

Receive News & Ratings for Waste Management Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Waste Management and related companies with MarketBeat.com’s FREE daily email newsletter.