Alpine Woods Capital Investors LLC Has $1.18 Million Stake in Waste Management, Inc. $WM

Alpine Woods Capital Investors LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 84.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,349 shares of the business services provider’s stock after buying an additional 2,451 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Waste Management were worth $1,181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Saudi Central Bank acquired a new position in shares of Waste Management in the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the 1st quarter worth approximately $38,000. Loomis Sayles & Co. L P bought a new stake in shares of Waste Management in the 2nd quarter valued at $40,000. Wealth Watch Advisors INC acquired a new stake in shares of Waste Management during the second quarter worth $43,000. Finally, eCIO Inc. bought a new position in Waste Management during the first quarter worth $53,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $221.39 on Thursday. The business’s fifty day moving average is $211.51 and its 200 day moving average is $220.73. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The stock has a market cap of $89.19 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.72 and a beta of 0.58.

Waste Management (NYSE:WM) last released its quarterly earnings data 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). The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is 51.97%.

Insider Buying and Selling

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WM shares. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Citigroup upped their target price on Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company initiated coverage on Waste Management in a report on Friday, November 14th. They issued an “overweight” rating and a $238.00 target price for the company. Stifel Nicolaus cut their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group started coverage on shares of Waste Management in a research note on Monday, November 24th. They issued a “buy” rating and a $256.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.95.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.