Baldwin Brothers Inc. MA reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,687 shares of the business services provider’s stock after selling 541 shares during the quarter. Waste Management comprises about 1.1% of Baldwin Brothers Inc. MA’s portfolio, making the stock its 28th biggest position. Baldwin Brothers Inc. MA’s holdings in Waste Management were worth $7,886,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new position in Waste Management during the 1st quarter worth approximately $30,000. Coastal Capital Group Inc. increased its holdings in Waste Management by 52.1% during the 2nd quarter. Coastal Capital Group Inc. now owns 292 shares of the business services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Waste Management by 210.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 301 shares of the business services provider’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Blue Square Asset Management LLC bought a new stake in Waste Management during the 2nd quarter worth approximately $40,000. Finally, Bay Harbor Wealth Management LLC increased its holdings in Waste Management by 27.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 465 shares of the business services provider’s stock worth $49,000 after purchasing an additional 99 shares in the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on WM shares. Oppenheimer reissued a “buy” rating and set a $117.00 price objective on shares of Waste Management in a report on Thursday, July 30th. Argus boosted their price objective on Waste Management from $110.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered Waste Management from a “neutral” rating to an “underweight” rating and set a $99.00 price objective for the company. in a report on Wednesday, September 23rd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and issued a $115.00 target price on shares of Waste Management in a report on Thursday, July 9th. Finally, Morgan Stanley initiated coverage on Waste Management in a report on Tuesday, October 13th. They issued an “equal weight” rating and a $119.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Waste Management currently has a consensus rating of “Hold” and an average price target of $114.79.
In other Waste Management news, Director Frank M. Clark sold 315 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $106.95, for a total transaction of $33,689.25. Following the completion of the transaction, the director now directly owns 32,586 shares of the company’s stock, valued at $3,485,072.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
NYSE WM traded up $0.60 on Friday, hitting $115.87. 1,910,147 shares of the stock traded hands, compared to its average volume of 2,252,601. The business’s fifty day moving average is $113.85 and its two-hundred day moving average is $106.21. Waste Management, Inc. has a 12 month low of $85.34 and a 12 month high of $126.79. The firm has a market capitalization of $48.95 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 4.70 and a beta of 0.73. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.86 and a current ratio of 0.88.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.50 billion. Analysts expect that Waste Management, Inc. will post 3.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, September 3rd. Waste Management’s dividend payout ratio (DPR) is 49.55%.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
Further Reading: Marijuana Stocks
Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.