Eaton Vance Management raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,029 shares of the business services provider’s stock after acquiring an additional 5,938 shares during the quarter. Eaton Vance Management owned approximately 0.08% of Waste Management worth $31,357,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Monument Capital Management raised its stake in Waste Management by 8.6% in the 3rd quarter. Monument Capital Management now owns 28,405 shares of the business services provider’s stock worth $2,567,000 after acquiring an additional 2,245 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Waste Management by 145.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 330,825 shares of the business services provider’s stock worth $29,893,000 after acquiring an additional 196,250 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in Waste Management in the 3rd quarter worth $112,000. Banco Santander S.A. purchased a new position in Waste Management in the 3rd quarter worth $244,000. Finally, Summit Securities Group LLC purchased a new position in Waste Management in the 3rd quarter worth $560,000. 75.00% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group set a $90.00 target price on Waste Management and gave the stock a “hold” rating in a research note on Friday, October 26th. BMO Capital Markets raised their target price on Waste Management to $98.00 and gave the stock an “overweight” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. ValuEngine lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, Oppenheimer restated a “buy” rating and issued a $95.00 target price on shares of Waste Management in a research note on Thursday, October 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $96.67.
In other Waste Management news, VP Jeff M. Harris sold 24,500 shares of Waste Management stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total transaction of $2,205,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.
NYSE WM opened at $93.75 on Monday. The stock has a market cap of $39.97 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 1.84 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $78.39 and a fifty-two week high of $94.08. 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 (NYSE:WM) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. Analysts forecast that Waste Management, Inc. will post 4.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.98%. Waste Management’s payout ratio is currently 57.76%.
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Waste Management Profile
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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