5,620 Shares in Waste Management, Inc. $WM Bought by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 5,620 shares of the business services provider’s stock, valued at approximately $1,253,000.

A number of other institutional investors also recently bought and sold shares of the business. RHL Group LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC lifted its stake in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Waste Management during the fourth quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter valued at approximately $30,000. Finally, Main Street Group LTD purchased a new position in Waste Management in the first quarter valued at approximately $31,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.1%

Waste Management stock opened at $219.38 on Tuesday. The stock has a 50 day moving average of $228.72 and a two-hundred day moving average of $227.51. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market capitalization of $87.69 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 2.77 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is 53.54%.

Analyst Ratings Changes

WM has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Barclays increased their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Scotiabank lifted their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Royal Bank Of Canada upped their price objective on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Citigroup raised their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

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.