Boyar Asset Management Inc. decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,361 shares of the business services provider’s stock after selling 135 shares during the period. Boyar Asset Management Inc.’s holdings in Waste Management were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of WM. Shine Investment Advisory Services Inc. purchased a new position in shares of Waste Management in the second quarter worth $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Waste Management during the second quarter worth $103,000. Guardian Life Insurance Co. of America raised its holdings in shares of Waste Management by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after purchasing an additional 14 shares during the last quarter. First Interstate Bank raised its holdings in shares of Waste Management by 2.4% during the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after purchasing an additional 38 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Waste Management by 25.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after buying an additional 340 shares during the period. 74.93% of the stock is owned by institutional investors.
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In related news, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now directly owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John C. Pope sold 453 shares of Waste Management stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.
Shares of Waste Management, Inc. (NYSE:WM) opened at 78.20 on Friday. The company has a 50-day moving average of $76.29 and a 200 day moving average of $73.93. Waste Management, Inc. has a 52-week low of $61.08 and a 52-week high of $78.55. The stock has a market cap of $34.41 billion, a P/E ratio of 26.78 and a beta of 0.71.
Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.17%. Waste Management’s payout ratio is presently 58.42%.
Several analysts recently commented on WM shares. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, July 19th. Stifel Nicolaus raised their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “buy” rating and issued a $82.00 price target on shares of Waste Management in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.19.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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