Pacer Advisors Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,524 shares of the business services provider’s stock after buying an additional 982 shares during the period. Pacer Advisors Inc.’s holdings in Waste Management were worth $824,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. acquired a new stake in Waste Management in the second quarter valued at $101,000. Northwest Investment Counselors LLC acquired a new stake in Waste Management in the second quarter valued at $103,000. Bruderman Asset Management LLC acquired a new stake in Waste Management in the second quarter valued at $110,000. FTB Advisors Inc. lifted its holdings in Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 65 shares during the period. Finally, First Interstate Bank lifted its holdings in Waste Management by 2.4% in the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.
Waste Management, Inc. (NYSE WM) traded up $0.12 on Monday, reaching $80.38. The company’s stock had a trading volume of 540,600 shares, compared to its average volume of 1,669,992. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The stock has a market cap of $34,902.28, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76. Waste Management, Inc. has a 52 week low of $68.84 and a 52 week high of $82.87.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. equities research analysts predict that Waste Management, Inc. will post 3.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s payout ratio is currently 54.84%.
WM has been the subject of several research reports. Zacks Investment Research downgraded Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price target on shares of Waste Management in a research note on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $88.00 price target on shares of Waste Management in a research note on Friday, October 27th. Bank of America Corporation cut their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Credit Suisse Group set a $90.00 price target on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $81.81.
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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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