Clear Perspective Advisors LLC Holds Position in Waste Management, Inc. (WM)
Clear Perspective Advisors LLC continued to hold its position in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,875 shares of the business services provider’s stock at the close of the 2nd quarter. Clear Perspective Advisors LLC’s holdings in Waste Management were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Cambria Investment Management L.P. bought a new stake in Waste Management during the 2nd quarter worth approximately $5,535,000. Shelton Capital Management bought a new stake in Waste Management during the 2nd quarter worth approximately $307,000. Flinton Capital Management LLC increased its holdings in Waste Management by 10.1% during the 2nd quarter. Flinton Capital Management LLC now owns 30,608 shares of the business services provider’s stock worth $2,245,000 after acquiring an additional 2,816 shares during the period. Samlyn Capital LLC bought a new stake in Waste Management during the 2nd quarter worth approximately $17,134,000. Finally, Zurich Insurance Group Ltd FI increased its holdings in Waste Management by 8.2% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 77,226 shares of the business services provider’s stock worth $5,665,000 after acquiring an additional 5,861 shares during the period. 74.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of Waste Management, Inc. (NYSE WM) traded up 0.41% during trading on Thursday, hitting $76.64. 731,397 shares of the stock were exchanged. The firm has a 50 day moving average of $77.23 and a 200-day moving average of $74.35. Waste Management, Inc. has a 52-week low of $61.08 and a 52-week high of $79.28. The stock has a market cap of $33.72 billion, a PE ratio of 26.25 and a beta of 0.74.
Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, September 7th. Waste Management’s dividend payout ratio is presently 58.42%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus lowered shares of Waste Management from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $80.00 in a report on Wednesday. BMO Capital Markets assumed coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price target on the stock. Credit Suisse Group increased their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Hold” and a consensus price target of $75.74.
In related news, Director John C. Pope sold 453 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now owns 51,470 shares in the company, valued at $3,828,338.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Waste Management 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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