Waste Management, Inc. $WM Holdings Boosted by Asset One Wealth Management LLC

Asset One Wealth Management LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,857 shares of the business services provider’s stock after acquiring an additional 2,176 shares during the period. Asset One Wealth Management LLC’s holdings in Waste Management were worth $5,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Waste Management by 1.8% during the 2nd quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after buying an additional 535,079 shares in the last quarter. State Street Corp raised its position in shares of Waste Management by 2.9% during the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after purchasing an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Waste Management by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock worth $695,704,000 after purchasing an additional 35,322 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Waste Management by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after buying an additional 26,847 shares during the period. Finally, Deutsche Bank AG increased its stake in Waste Management by 8.2% during the 2nd quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock worth $492,002,000 after buying an additional 166,458 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Bank of America boosted their price target on Waste Management from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Barclays increased their price objective on shares of Waste Management from $277.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Scotiabank lowered their price objective on shares of Waste Management from $260.00 to $245.00 in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group cut their price target on shares of Waste Management from $275.00 to $241.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $257.04.

Insider Transactions at Waste Management

In other news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $236.50 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average is $219.40 and its 200-day moving average is $225.59. Waste Management, Inc. has a 1-year low of $197.47 and a 1-year high of $248.13. The firm has a market cap of $94.04 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 3.09 and a beta of 0.38.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.98 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 8.05 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.9450 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s payout ratio is currently 49.61%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.