Waste Management, Inc. $WM Shares Acquired by NTV Asset Management LLC

NTV Asset Management LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 17.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 27,792 shares of the business services provider’s stock after purchasing an additional 4,208 shares during the quarter. NTV Asset Management LLC’s holdings in Waste Management were worth $5,667,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Waste Management by 1.8% in the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after buying an additional 535,079 shares in the last quarter. State Street Corp lifted its position in shares of Waste Management by 2.9% during the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock valued at $4,013,831,000 after acquiring an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Waste Management by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock worth $695,704,000 after acquiring an additional 35,322 shares in the last quarter. Swedbank AB boosted its stake in shares of Waste Management by 17.0% during the 1st quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock worth $549,857,000 after acquiring an additional 348,183 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Waste Management by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock worth $533,340,000 after acquiring an additional 26,847 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WM shares. Royal Bank Of Canada lifted their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. UBS Group upped their target price on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Oppenheimer decreased their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Stifel Nicolaus lifted their price target on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $256.06.

Insider Activity

In other news, CAO John Carroll sold 1,365 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Waste Management Stock Up 0.2%

WM stock opened at $239.47 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $95.72 billion, a P/E ratio of 33.92, a P/E/G ratio of 3.06 and a beta of 0.42. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company’s 50 day simple moving average is $216.88 and its 200-day simple moving average is $222.33.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business posted $1.92 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.09 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.9450 per share. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s payout ratio is 53.54%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.