Epoch Investment Partners Inc. decreased its holdings in Waste Management, Inc. (NYSE:WM) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,534 shares of the business services provider’s stock after selling 13,662 shares during the quarter. Epoch Investment Partners Inc. owned 0.07% of Waste Management worth $27,337,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of WM. Alps Advisors Inc. purchased a new position in Waste Management in the second quarter worth approximately $265,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Waste Management by 5,802.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,302 shares of the business services provider’s stock worth $187,000 after acquiring an additional 2,263 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Waste Management by 13.6% in the second quarter. Victory Capital Management Inc. now owns 65,867 shares of the business services provider’s stock worth $5,358,000 after acquiring an additional 7,880 shares during the last quarter. KBC Group NV lifted its stake in Waste Management by 60.1% in the second quarter. KBC Group NV now owns 126,264 shares of the business services provider’s stock worth $10,270,000 after acquiring an additional 47,400 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Waste Management by 3.2% in the second quarter. State of Wisconsin Investment Board now owns 411,414 shares of the business services provider’s stock worth $33,464,000 after acquiring an additional 12,875 shares during the last quarter. 75.16% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on WM. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research restated a “hold” rating and set a $103.00 price objective on shares of Waste Management in a research report on Saturday, November 17th. Goldman Sachs Group upgraded shares of Waste Management from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $84.00 to $107.00 in a research report on Tuesday. Oppenheimer restated a “buy” rating and set a $95.00 price objective on shares of Waste Management in a research report on Thursday, October 25th. Finally, Raymond James restated a “buy” rating on shares of Waste Management in a research report on Monday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Waste Management presently has an average rating of “Buy” and a consensus price target of $98.14.
In other news, CFO Devina A. Rankin sold 8,107 shares of Waste Management stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $94.41, for a total value of $765,381.87. Following the transaction, the chief financial officer now directly owns 21,373 shares of the company’s stock, valued at approximately $2,017,824.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeff M. Harris sold 24,500 shares of Waste Management stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total transaction of $2,205,000.00. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Shares of NYSE:WM opened at $91.21 on Friday. The company has a market cap of $39.49 billion, a PE ratio of 28.33, a P/E/G ratio of 1.82 and a beta of 0.64. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a twelve month low of $78.39 and a twelve month high of $95.49.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. On average, equities research analysts forecast that Waste Management, Inc. will post 4.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.465 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.04%. Waste Management’s payout ratio is 57.76%.
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About Waste Management
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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