Zurcher Kantonalbank Zurich Cantonalbank Has $16.94 Million Holdings in Waste Management, Inc. (NYSE:WM)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure 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 reporting period.

Several other large investors also recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in shares of Waste Management by 7,400.8% in the second quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after buying an additional 4,260,260 shares in the last quarter. Vanguard Group Inc. raised its position in Waste Management by 5.0% during the second quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after purchasing an additional 1,621,347 shares in the last quarter. BlackRock Inc. raised its position in Waste Management by 4.9% during the second quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after purchasing an additional 1,475,583 shares in the last quarter. Harbour Capital Advisors LLC raised its position in Waste Management by 8,786.6% during the second quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock valued at $12,314,000 after purchasing an additional 893,068 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in Waste Management by 34.1% during the first quarter. Janus Capital Management LLC now owns 3,449,747 shares of the business services provider’s stock valued at $251,556,000 after purchasing an additional 876,766 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Shares of Waste Management, Inc. (NYSE:WM) traded up $0.41 during midday trading on Thursday, reaching $83.91. 1,171,191 shares of the company were exchanged, compared to its average volume of 1,678,953. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. Waste Management, Inc. has a 52 week low of $69.00 and a 52 week high of $83.95. The stock has a market cap of $36,178.89, a price-to-earnings ratio of 26.70, a P/E/G ratio of 2.71 and a beta of 0.75.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities research analysts predict that Waste Management, Inc. will post 3.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s payout ratio is currently 54.84%.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

WM has been the topic of a number of research reports. BMO Capital Markets restated a “buy” rating and set a $82.00 price target on shares of Waste Management in a research report on Friday, September 8th. Stifel Nicolaus cut Waste Management from a “buy” rating to a “hold” rating and reduced their price objective for the company from $85.00 to $80.00 in a research note on Wednesday, October 4th. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Bank of America cut their target price on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Finally, KeyCorp raised their target price on Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and an average target price 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.

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

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