State Street Corp Has $4.01 Billion Stock Holdings in Waste Management, Inc. $WM

State Street Corp grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,008,931 shares of the business services provider’s stock after acquiring an additional 507,209 shares during the period. State Street Corp’s holdings in Waste Management were worth $4,013,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in Waste Management by 10.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock worth $111,000 after buying an additional 45 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of Waste Management by 1.6% in the first quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after acquiring an additional 46 shares during the period. Coordinated Financial Services Inc. increased its position in Waste Management by 3.5% during the 4th quarter. Coordinated Financial Services Inc. now owns 1,386 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 47 shares during the period. Financial Network Wealth Advisors LLC raised its holdings in Waste Management by 55.3% during the 4th 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. Finally, Warren Street Wealth Advisors LLC lifted its position in shares of Waste Management by 4.6% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 1,058 shares of the business services provider’s stock worth $243,000 after purchasing an additional 47 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.2%

Shares of WM stock traded up $0.41 on Tuesday, reaching $207.45. 774,987 shares of the company were exchanged, compared to its average volume of 2,164,666. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The company has a 50-day moving average of $225.06 and a 200-day moving average of $225.58. The company has a market cap of $82.92 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.66 and a beta of 0.42. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping 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 the consensus estimate of $6.71 billion. During the same period in the prior year, the business earned $1.92 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.945 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.78 annualized dividend and a yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WM shares. Citigroup lifted their target price on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays lifted their price objective on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Wolfe Research initiated coverage on Waste Management in a research note on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, Royal Bank Of Canada boosted their price target on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Company Profile

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.