Waste Management, Inc. (WM) Position Raised by Stephens Inc. AR
Stephens Inc. AR boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 4.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,496 shares of the business services provider’s stock after buying an additional 6,306 shares during the quarter. Stephens Inc. AR’s holdings in Waste Management were worth $11,186,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. GFS Advisors LLC increased its position in Waste Management by 8.3% during the 1st quarter. GFS Advisors LLC now owns 11,808 shares of the business services provider’s stock valued at $861,000 after purchasing an additional 908 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Waste Management by 158.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 61,888 shares of the business services provider’s stock valued at $4,513,000 after purchasing an additional 37,965 shares during the period. LSV Asset Management increased its position in Waste Management by 11.4% during the 1st quarter. LSV Asset Management now owns 1,221,400 shares of the business services provider’s stock valued at $89,064,000 after purchasing an additional 125,100 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Waste Management during the 1st quarter valued at $127,000. Finally, State Board of Administration of Florida Retirement System increased its position in Waste Management by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 659,995 shares of the business services provider’s stock valued at $48,127,000 after purchasing an additional 2,320 shares during the period. Institutional investors own 74.99% of the company’s stock.
Waste Management, Inc. (NYSE:WM) remained flat at $78.32 during mid-day trading on Wednesday. The stock had a trading volume of 62,108 shares. Waste Management, Inc. has a one year low of $61.08 and a one year high of $78.39. The company has a market capitalization of $34.46 billion, a PE ratio of 26.82 and a beta of 0.71. The company’s 50-day moving average price is $75.78 and its 200 day moving average price is $73.72.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. Analysts anticipate that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.70 annualized dividend and a dividend yield of 2.17%. Waste Management’s dividend payout ratio is currently 58.42%.
WM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. boosted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. Credit Suisse Group boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, BMO Capital Markets reissued a “buy” rating and set a $82.00 price objective on shares of Waste Management in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $76.19.
In other Waste Management news, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Pope sold 453 shares of Waste Management stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
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Waste Management Profile
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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