Waste Management, Inc. $WM Shares Acquired by Cwm LLC

Cwm LLC increased its position in Waste Management, Inc. (NYSE:WM) by 11.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,573 shares of the business services provider’s stock after purchasing an additional 12,260 shares during the period. Cwm LLC’s holdings in Waste Management were worth $27,068,000 at the end of the most recent reporting period.

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

Waste Management Trading Down 0.1%

Shares of WM stock opened at $221.03 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The firm has a market capitalization of $89.05 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.73 and a beta of 0.58. The stock has a fifty day moving average of $211.78 and a two-hundred day moving average of $220.64. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84.

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

Waste Management Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on WM. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. The Goldman Sachs Group started coverage on Waste Management in a report on Monday, November 24th. They issued a “buy” rating and a $256.00 price target on the stock. Oppenheimer boosted their price objective on Waste Management from $262.00 to $263.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Finally, Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $238.00 to $242.00 in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $248.95.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the company’s 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 in the company, 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 SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

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.