Amica Mutual Insurance Co. Has $2,306,000 Stake in Waste Management Inc. (WM)
Amica Mutual Insurance Co. maintained its position in shares of Waste Management Inc. (NYSE:WM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,169 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Waste Management were worth $2,306,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. Alexandria Capital LLC raised its stake in Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock valued at $105,000 after buying an additional 41 shares during the period. Hudock Capital Group LLC raised its stake in Waste Management by 0.6% in the third quarter. Hudock Capital Group LLC now owns 1,726 shares of the company’s stock valued at $110,000 after buying an additional 11 shares during the period. Cribstone Capital Management LLC bought a new stake in Waste Management during the second quarter valued at about $132,000. Financial Architects Inc raised its stake in Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock valued at $132,000 after buying an additional 16 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in Waste Management by 320.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,100 shares of the company’s stock valued at $139,000 after buying an additional 1,600 shares during the period. 72.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Waste Management Inc. (NYSE:WM) traded down 0.66% during midday trading on Wednesday, hitting $69.52. The stock had a trading volume of 2,896,651 shares. The firm’s 50-day moving average price is $65.43 and its 200-day moving average price is $64.52. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 27.90 and a beta of 0.72. Waste Management Inc. has a 1-year low of $50.36 and a 1-year high of $70.67.
Waste Management (NYSE:WM) last posted its earnings results on Wednesday, October 26th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business earned $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts forecast that Waste Management Inc. will post $2.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, November 30th. Waste Management’s payout ratio is 65.34%.
Several research firms have recently issued reports on WM. Vetr lowered Waste Management from a “buy” rating to a “hold” rating and set a $68.25 target price on the stock. in a report on Wednesday, November 9th. Barclays PLC upgraded Waste Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $63.37 to $70.00 in a research report on Monday, November 7th. Goldman Sachs Group Inc. initiated coverage on Waste Management in a research report on Tuesday, November 1st. They set a “sell” rating and a $63.00 price objective for the company. Bank of America Corp. upgraded Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, October 31st. Finally, Wedbush downgraded Waste Management from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $68.00 in a research report on Thursday, October 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.23.
Waste Management Company Profile
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
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