Waste Management, Inc. (NYSE:WM) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 0.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,860 shares of the business services provider’s stock after purchasing an additional 786 shares during the quarter. Waste Management accounts for about 1.5% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 16th largest holding. KCM Investment Advisors LLC’s holdings in Waste Management were worth $42,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Norges Bank acquired a new stake in Waste Management in the fourth quarter valued at approximately $784,486,000. Sustainable Growth Advisers LP acquired a new stake in Waste Management in the first quarter valued at approximately $300,594,000. Capital World Investors grew its position in Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after acquiring an additional 1,303,466 shares in the last quarter. Swedbank AB acquired a new stake in Waste Management in the first quarter valued at approximately $193,955,000. Finally, AMF Tjanstepension AB grew its position in Waste Management by 85.6% in the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after acquiring an additional 720,358 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE:WM traded up $2.16 during midday trading on Friday, hitting $212.04. 1,780,493 shares of the stock were exchanged, compared to its average volume of 1,671,641. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00. The company has a market capitalization of $85.10 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.34 and a beta of 0.74. The business has a 50-day moving average price of $209.75 and a two-hundred day moving average price of $208.22. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.75 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the sale, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WM. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets reduced their target price on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Royal Bank of Canada reduced their target price on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, CIBC reduced their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $215.83.

View Our Latest Research Report on Waste Management

Waste Management Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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