Capital International Investors Has $216.56 Million Stake in Waste Management, Inc. (WM)
Capital International Investors lessened its position in Waste Management, Inc. (NYSE:WM) by 60.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,766,803 shares of the business services provider’s stock after selling 4,264,001 shares during the quarter. Capital International Investors owned 0.64% of Waste Management worth $216,558,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Intersect Capital LLC lifted its holdings in shares of Waste Management by 33.1% in the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 6,009 shares during the last quarter. Aviva PLC lifted its holdings in shares of Waste Management by 1.0% in the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after acquiring an additional 2,710 shares during the last quarter. AXA lifted its holdings in shares of Waste Management by 15.0% in the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after acquiring an additional 58,630 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Waste Management by 0.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,768,294 shares of the business services provider’s stock worth $129,703,000 after acquiring an additional 11,668 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in shares of Waste Management by 0.5% in the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Waste Management, Inc. (NYSE WM) traded up $0.73 during midday trading on Monday, reaching $85.30. 1,049,537 shares of the company’s stock were exchanged, compared to its average volume of 1,678,908. 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 $36,720.00, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.75. Waste Management, Inc. has a 1-year low of $69.00 and a 1-year high of $84.57.
Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. equities research analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is 54.66%.
Several research firms recently commented on WM. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $95.00 in a research note on Monday. BMO Capital Markets raised their price target on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Oppenheimer raised their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Bank of America reduced their price target on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.31.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.
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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