GW Henssler & Associates Ltd. Has $7,550,000 Position in Waste Management, Inc. (WM)

GW Henssler & Associates Ltd. reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,415 shares of the company’s stock after selling 2,682 shares during the period. GW Henssler & Associates Ltd.’s holdings in Waste Management were worth $7,550,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WM. Vanguard Group Inc. boosted its position in shares of Waste Management by 3.0% in the second quarter. Vanguard Group Inc. now owns 29,578,946 shares of the company’s stock worth $1,960,198,000 after buying an additional 872,058 shares during the period. Capital International Investors boosted its stake in Waste Management by 8.2% in the second quarter. Capital International Investors now owns 13,209,100 shares of the company’s stock worth $875,367,000 after buying an additional 1,003,000 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Waste Management by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,289,093 shares of the company’s stock worth $814,398,000 after buying an additional 91,091 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Waste Management by 11.0% in the second quarter. BlackRock Fund Advisors now owns 10,269,777 shares of the company’s stock worth $680,578,000 after buying an additional 1,021,512 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in Waste Management by 8.7% in the second quarter. BlackRock Group LTD now owns 4,466,213 shares of the company’s stock worth $295,976,000 after buying an additional 358,554 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.

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

Waste Management, Inc. (NYSE:WM) remained flat at $69.49 during midday trading on Wednesday. The stock had a trading volume of 540,455 shares. The company has a 50 day moving average price of $70.24 and a 200-day moving average price of $66.26. The stock has a market cap of $30.71 billion, a PE ratio of 27.89 and a beta of 0.72. Waste Management, Inc. has a one year low of $50.36 and a one year high of $71.78.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. Waste Management had a net margin of 8.36% and a return on equity of 24.07%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities analysts expect that Waste Management, Inc. will post $2.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 65.34%.

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WM has been the topic of a number of research reports. Bank of America Corporation raised shares of Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, October 31st. Barclays PLC raised shares of Waste Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $63.37 to $70.00 in a research note on Monday, November 7th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, September 27th. Vetr raised shares of Waste Management from a “sell” rating to a “hold” rating and set a $72.12 target price on the stock in a research note on Tuesday, January 3rd. Finally, Wedbush cut shares of Waste Management from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $68.00 in a research note on Thursday, October 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.55.

Waste Management Company Profile

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

5 Day Chart for NYSE:WM

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