Waste Management, Inc. $WM Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 472.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,156 shares of the business services provider’s stock after purchasing an additional 111,556 shares during the quarter. Jump Financial LLC’s holdings in Waste Management were worth $30,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Saudi Central Bank acquired a new stake in Waste Management in the first quarter worth $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management during the first quarter valued at $38,000. Loomis Sayles & Co. L P bought a new position in shares of Waste Management during the second quarter worth about $40,000. Wealth Watch Advisors INC acquired a new stake in shares of Waste Management in the 2nd quarter worth about $43,000. Finally, New Age Alpha Advisors LLC acquired a new position in Waste Management during the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. CIBC dropped their price target on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. UBS Group lowered their target price on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Sanford C. Bernstein began coverage on Waste Management in a research note on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 price target for the company. Finally, Royal Bank Of Canada cut their price objective on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $249.14.

Insider Buying and Selling

In related news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Down 0.3%

WM opened at $213.61 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $86.06 billion, a PE ratio of 33.64, a P/E/G ratio of 2.64 and a beta of 0.58. The stock’s fifty day moving average is $212.08 and its 200-day moving average is $222.70. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the prior year, the business earned $1.96 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. Waste Management’s payout ratio is presently 51.97%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.