Waste Management, Inc. (WM) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,410 shares of the business services provider’s stock after acquiring an additional 21,724 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Waste Management were worth $16,938,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Waste Management by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after buying an additional 1,621,347 shares during the period. BlackRock Inc. boosted its holdings in shares of Waste Management by 4.9% in the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after buying an additional 1,475,583 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Waste Management by 10.2% in the 1st quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Waste Management by 7,400.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock valued at $316,712,000 after buying an additional 4,260,260 shares during the period. Finally, Janus Capital Management LLC boosted its holdings in shares of Waste Management by 34.1% in the 1st quarter. Janus Capital Management LLC now owns 3,449,747 shares of the business services provider’s stock valued at $251,556,000 after buying an additional 876,766 shares during the period. 76.25% of the stock is owned by institutional investors.
Waste Management, Inc. (NYSE:WM) traded down $0.05 during mid-day trading on Wednesday, hitting $80.87. 1,371,700 shares of the company’s stock were exchanged, compared to its average volume of 1,671,928. Waste Management, Inc. has a one year low of $68.84 and a one year high of $82.87. The company has a market cap of $35,136.77, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.
Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm earned $0.84 EPS. Waste Management’s revenue was up 4.7% on a year-over-year basis. sell-side analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.10%. Waste Management’s payout ratio is currently 54.84%.
Several research firms have recently commented on WM. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. BMO Capital Markets lifted their price objective on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Bank of America Corporation cut their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $81.81.
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Waste Management Company 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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