Strs Ohio Decreases Stake in Waste Management, Inc. $WM

Strs Ohio decreased its holdings in Waste Management, Inc. (NYSE:WM) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 109,848 shares of the business services provider’s stock after selling 4,886 shares during the period. Strs Ohio’s holdings in Waste Management were worth $25,242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WM. Brighton Jones LLC lifted its holdings in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in shares of Waste Management during the first quarter worth about $325,000. Sei Investments Co. boosted its position in shares of Waste Management by 8.0% in the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock worth $62,339,000 after buying an additional 20,122 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock valued at $83,843,000 after buying an additional 148,590 shares in the last quarter. Finally, Glenview Trust co raised its holdings in shares of Waste Management by 5.1% during the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after buying an additional 162 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Barclays boosted their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, TD Cowen upped their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Down 0.1%

Shares of NYSE:WM opened at $230.19 on Friday. The firm has a market cap of $92.44 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44. The company has a fifty day simple moving average of $220.41 and a 200 day simple moving average of $225.41. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.