MGO One Seven LLC raised its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,420 shares of the business services provider’s stock after acquiring an additional 3,266 shares during the quarter. MGO One Seven LLC’s holdings in Waste Management were worth $3,960,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Kampmann Melissa S. grew its position in Waste Management by 2.9% in the third quarter. Kampmann Melissa S. now owns 7,145 shares of the business services provider’s stock worth $1,457,000 after buying an additional 200 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Waste Management by 25.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 86,521 shares of the business services provider’s stock valued at $17,643,000 after acquiring an additional 17,600 shares during the last quarter. Partners Wealth Management LLC acquired a new stake in shares of Waste Management during the 3rd quarter valued at $416,000. Everett Harris & Co. CA boosted its stake in shares of Waste Management by 2.7% during the 3rd quarter. Everett Harris & Co. CA now owns 3,951 shares of the business services provider’s stock worth $806,000 after acquiring an additional 104 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its stake in shares of Waste Management by 3.2% during the 3rd quarter. United Asset Strategies Inc. now owns 34,629 shares of the business services provider’s stock worth $7,061,000 after acquiring an additional 1,066 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on WM. Morgan Stanley decreased their target price on Waste Management from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their target price on Waste Management from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Royal Bank Of Canada increased their price target on Waste Management from $244.00 to $247.00 and gave the company a “sector perform” rating in a research report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $267.00 price target on shares of Waste Management in a research note on Thursday. Finally, Wolfe Research began coverage on Waste Management in a report on Tuesday, September 15th. They set a “peer perform” rating on the stock. Fourteen equities 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, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.89.
Check Out Our Latest Research Report on Waste Management
Insider Transactions at Waste Management
In related news, CAO John Carroll sold 1,365 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This represents a 28.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.
Waste Management Trading Up 1.8%
Waste Management stock opened at $237.68 on Tuesday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.87 and a current ratio of 0.82. The firm has a market capitalization of $94.51 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 2.88 and a beta of 0.42. The company has a 50 day moving average price of $218.13 and a 200 day moving average price of $225.24.
Waste Management (NYSE:WM – Get Free Report) last announced its earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.03). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. Waste Management’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.98 earnings per share. Research analysts forecast that Waste Management, Inc. will post 8.06 EPS for the current year.
Waste Management Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.9450 per share. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s payout ratio is presently 49.61%.
About Waste Management
Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.
WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.
Read More
- Five stocks we like better than Waste Management
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
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 – Free Report).
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.
