Waste Management, Inc. $WM Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,495 shares of the business services provider’s stock after acquiring an additional 2,823 shares during the quarter. Waste Management makes up 1.1% of Chilton Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Chilton Capital Management LLC’s holdings in Waste Management were worth $33,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new stake in Waste Management during the first quarter worth approximately $325,000. Patton Fund Management Inc. acquired a new position in Waste Management in the 2nd quarter valued at $221,000. ORG Partners LLC lifted its stake in shares of Waste Management by 46.8% during the 2nd quarter. ORG Partners LLC now owns 998 shares of the business services provider’s stock worth $228,000 after purchasing an additional 318 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in shares of Waste Management by 0.4% during the second quarter. Independence Bank of Kentucky now owns 14,119 shares of the business services provider’s stock worth $3,231,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WM shares. CIBC dropped their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Scotiabank reaffirmed a “sector perform” rating and set a $250.00 price objective (down previously from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. DZ Bank initiated coverage on shares of Waste Management in a research report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 target price on the stock. Citigroup dropped their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, The Goldman Sachs Group began coverage on shares of Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $251.19.

Insider Activity at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80. Following the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. The trade was 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. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 0.5%

NYSE WM opened at $230.41 on Tuesday. The firm has a market capitalization of $92.83 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.57 and a beta of 0.59. 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, Inc. has a one year low of $194.11 and a one year high of $242.58. The company’s 50 day moving average price is $218.31 and its 200 day moving average price is $219.17.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The business had revenue of $6.44 billion during 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%.Waste Management’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio is currently 51.97%.

About Waste Management

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.