IBM Retirement Fund lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,847 shares of the business services provider’s stock after selling 1,289 shares during the period. IBM Retirement Fund’s holdings in Waste Management were worth $801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. Gables Capital Management Inc. acquired a new position in Waste Management in the 1st quarter valued at about $102,000. Kiley Juergens Wealth Management LLC acquired a new position in Waste Management in the 2nd quarter valued at about $100,000. Braun Bostich & Associates Inc. increased its position in Waste Management by 546.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,223 shares during the period. Bruderman Asset Management LLC acquired a new position in Waste Management in the 1st quarter valued at about $127,000. Finally, Rainier Group Investment Advisory LLC acquired a new position in Waste Management in the 1st quarter valued at about $135,000. Institutional investors and hedge funds own 74.69% of the company’s stock.

Several equities analysts have issued reports on WM shares. ValuEngine upgraded Waste Management from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $93.00 target price on shares of Waste Management in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Waste Management currently has a consensus rating of “Buy” and a consensus price target of $91.22.

NYSE WM opened at $91.88 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.72 and a current ratio of 0.75. Waste Management, Inc. has a 12-month low of $75.71 and a 12-month high of $91.92. The company has a market cap of $39.24 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 25th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Waste Management had a return on equity of 27.38% and a net margin of 14.94%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. equities research analysts forecast that Waste Management, Inc. will post 4.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 6th. Waste Management’s dividend payout ratio (DPR) is 57.76%.

In other news, Director Patrick W. Gross sold 406 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $83.22, for a total transaction of $33,787.32. Following the sale, the director now owns 24,149 shares of the company’s stock, valued at approximately $2,009,679.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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