Schroder Investment Management Group Has $73.37 Million Stake in Waste Management, Inc. $WM

Schroder Investment Management Group increased its stake in Waste Management, Inc. (NYSE:WMFree Report) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,378 shares of the business services provider’s stock after acquiring an additional 29,965 shares during the quarter. Schroder Investment Management Group owned 0.08% of Waste Management worth $73,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WM. Cornerstone Planning Group LLC grew its holdings in Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Waste Management during the second quarter valued at about $40,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Waste Management during the 3rd quarter worth about $41,000. Costello Asset Management INC acquired a new stake in shares of Waste Management in the 3rd quarter valued at about $49,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in Waste Management by 47.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after buying an additional 78 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research reports. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Barclays decreased their price objective on Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. TD Cowen upped their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Finally, Scotiabank restated a “sector perform” rating and set a $250.00 price target (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Check Out Our Latest Analysis on Waste Management

Waste Management News Summary

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

Waste Management Price Performance

Shares of NYSE:WM opened at $235.21 on Wednesday. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. The stock has a market cap of $94.87 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. The stock’s fifty day simple moving average is $228.70 and its two-hundred day simple moving average is $220.05.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s payout ratio is 49.25%.

Insider Transactions at Waste Management

In other Waste Management news, VP Donald J. Smith sold 12,194 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total value of $2,847,055.12. Following the transaction, the vice president owned 6,024 shares of the company’s stock, valued at approximately $1,406,483.52. The trade was a 66.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 30,390 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $230.36, for a total value of $7,000,640.40. Following the completion of the transaction, the chief executive officer owned 225,793 shares of the company’s stock, valued at $52,013,675.48. This trade represents a 11.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 98,042 shares of company stock worth $23,039,777. 0.18% of the stock is owned by insiders.

Waste Management Company 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.

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

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