Waste Management, Inc. $WM Shares Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 283.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,055 shares of the business services provider’s stock after purchasing an additional 6,696 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Waste Management were worth $2,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares during the period. State Street Corp boosted its position in Waste Management by 1.6% in the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock valued at $3,820,921,000 after buying an additional 281,456 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after acquiring an additional 117,476 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Waste Management by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock worth $1,250,613,000 after acquiring an additional 277,250 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Waste Management in the fourth quarter worth about $1,022,916,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Wells Fargo & Company decreased their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen lifted their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Trading Down 0.7%

Waste Management stock opened at $213.08 on Tuesday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The firm’s 50-day moving average is $220.60 and its 200-day moving average is $224.73. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $85.57 billion, a P/E ratio of 30.84, a PEG ratio of 2.24 and a beta of 0.45.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the business posted $1.67 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 54.70%.

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.