Dempze Nancy E Invests $217,000 in Waste Management, Inc. (NYSE:WM)
Dempze Nancy E purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,955 shares of the business services provider’s stock, valued at approximately $217,000.
Several other institutional investors have also recently made changes to their positions in WM. Bank of Nova Scotia boosted its stake in Waste Management by 23.4% in the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares in the last quarter. Global X Management Co. LLC boosted its stake in Waste Management by 28.6% in the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,121 shares in the last quarter. World Asset Management Inc boosted its stake in Waste Management by 17.2% in the first quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock valued at $3,345,000 after buying an additional 6,748 shares in the last quarter. Willingdon Wealth Management boosted its stake in Waste Management by 12.2% in the first quarter. Willingdon Wealth Management now owns 18,294 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 1,995 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in Waste Management by 3.6% in the first quarter. Berkshire Asset Management LLC PA now owns 292,998 shares of the business services provider’s stock valued at $21,365,000 after buying an additional 10,054 shares in the last quarter. 75.59% of the stock is owned by institutional investors.
Shares of Waste Management, Inc. (WM) opened at 74.61 on Friday. The stock has a 50 day moving average of $74.49 and a 200-day moving average of $72.86. The company has a market capitalization of $32.83 billion, a PE ratio of 25.55 and a beta of 0.71. Waste Management, Inc. has a one year low of $61.08 and a one year high of $76.00.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. KeyCorp boosted their price target on shares of Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Finally, Credit Suisse Group boosted their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $75.51.
In other news, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the sale, the director now directly owns 23,222 shares in the company, valued at approximately $1,734,218.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Pope sold 453 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $74.38, for a total transaction of $33,694.14. Following the completion of the sale, the director now owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. In the last three months, insiders sold 7,940 shares of company stock valued at $575,603. Corporate insiders own 0.19% of the company’s stock.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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