UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,121,427 shares of the business services provider’s stock after buying an additional 35,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of Waste Management worth $695,704,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC grew its stake in Waste Management by 12.9% in the second quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock worth $12,458,000 after purchasing an additional 6,391 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Waste Management during the 4th quarter valued at $10,206,000. Principal Financial Group Inc. grew its position in shares of Waste Management by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock worth $105,776,000 after buying an additional 14,003 shares during the period. KBC Group NV increased its stake in shares of Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider’s stock worth $94,155,000 after acquiring an additional 57,028 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Waste Management by 21.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 57,378 shares of the business services provider’s stock worth $12,607,000 after acquiring an additional 10,205 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Waste Management Trading Up 1.0%
Waste Management stock opened at $219.88 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 market cap of $87.89 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.77 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The business has a 50-day simple moving average of $228.60 and a two-hundred day simple moving average of $227.62.
Waste Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on WM shares. Oppenheimer lowered their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.89.
View Our Latest Analysis on WM
Waste Management Company Profile
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.
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