Waste Management, Inc. $WM Stock Holdings Lifted by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,310 shares of the business services provider’s stock after purchasing an additional 6,593 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Waste Management were worth $16,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WM. Main Street Group LTD acquired a new stake in shares of Waste Management in the first quarter valued at $31,000. Balance Wealth Partners LLC bought a new stake in Waste Management during the 3rd quarter worth about $31,000. Cape Investment Advisory Inc. bought a new stake in Waste Management during the 2nd quarter worth about $36,000. Markowski Investments acquired a new stake in Waste Management in the 2nd quarter valued at about $38,000. Finally, Bayforest Capital Ltd acquired a new stake in Waste Management in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WM shares. BMO Capital Markets reduced their target price on shares of Waste Management from $240.00 to $232.00 and set a “market perform” rating on the stock in a research report on Thursday, October 15th. Oppenheimer restated an “outperform” rating and issued a $263.00 price objective (down from $264.00) on shares of Waste Management in a research report on Thursday, October 29th. TD Cowen reaffirmed a “buy” rating on shares of Waste Management in a report on Thursday, October 29th. Wolfe Research began coverage on Waste Management in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Finally, UBS Group lifted their target price on Waste Management from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Eighteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.04.

Insider Transactions at Waste Management

In related news, SVP Johnson Varkey sold 500 shares of Waste Management stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $242.00, for a total transaction of $121,000.00. Following the transaction, the senior vice president owned 8,713 shares of the company’s stock, valued at $2,108,546. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John A. Carroll sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This represents a 28.01% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM opened at $244.00 on Friday. The company has a fifty day moving average price of $221.00 and a two-hundred day moving average price of $225.81. The firm has a market capitalization of $97.03 billion, a PE ratio of 32.02, a P/E/G ratio of 3.12 and a beta of 0.38. Waste Management, Inc. has a 52 week low of $200.57 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.78 and a current ratio of 0.82.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.03). The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.81 billion. Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. As a group, analysts anticipate that Waste Management, Inc. will post 8.05 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.9450 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 11th. Waste Management’s payout ratio is presently 49.61%.

Waste Management 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.