Inceptionr LLC Decreases Holdings in Waste Management, Inc. $WM

Inceptionr LLC decreased its stake in Waste Management, Inc. (NYSE:WMFree Report) by 37.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,899 shares of the business services provider’s stock after selling 2,911 shares during the quarter. Inceptionr LLC’s holdings in Waste Management were worth $1,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in Waste Management in the 1st quarter valued at $325,000. Sei Investments Co. lifted its holdings in Waste Management by 8.0% in the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Waste Management by 68.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares during the last quarter. Finally, Glenview Trust co boosted its stake in Waste Management by 5.1% during the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after purchasing an additional 162 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WM shares. Citigroup increased their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company lowered their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Oppenheimer decreased their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Canadian Imperial Bank of Commerce upgraded Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a report on Tuesday, July 7th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.74.

Get Our Latest Stock Report on WM

Waste Management Stock Up 0.7%

NYSE WM opened at $238.86 on Friday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The business’s fifty day simple moving average is $224.17 and its 200-day simple moving average is $227.08. The firm has a market cap of $95.92 billion, a PE ratio of 34.57, a P/E/G ratio of 2.89 and a beta of 0.44.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Waste Management News Roundup

Here are the key news stories impacting Waste Management this week:

Waste Management Profile

(Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

Further Reading

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

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