Waste Management, Inc. (WM) Position Held by Baker Chad R
Baker Chad R maintained its stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,625 shares of the business services provider’s stock at the end of the second quarter. Waste Management comprises approximately 2.5% of Baker Chad R’s investment portfolio, making the stock its 14th biggest holding. Baker Chad R’s holdings in Waste Management were worth $6,281,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Hudock Capital Group LLC raised its holdings in shares of Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 2,060 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after acquiring an additional 14 shares during the period. Lincoln National Corp lifted its stake in Waste Management by 0.5% in the second 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 period. Choate Investment Advisors lifted its stake in Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock worth $235,000 after acquiring an additional 22 shares during the period. Finally, Bridgewater Wealth & Financial Management LLC lifted its stake in Waste Management by 0.5% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 4,032 shares of the business services provider’s stock worth $296,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 74.93% of the company’s stock.
In other Waste Management news, Director John C. Pope sold 453 shares of the stock in a transaction that occurred 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 directly owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were 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 directly owns 23,222 shares in the company, valued at $1,734,218.96. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.
Waste Management, Inc. (NYSE:WM) traded up 0.26% during mid-day trading on Monday, hitting $78.47. 384,213 shares of the stock were exchanged. The company has a 50 day moving average of $76.29 and a 200 day moving average of $73.93. The firm has a market cap of $34.50 billion, a P/E ratio of 29.61 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $78.82.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.425 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.70 annualized dividend and a yield of 2.17%. Waste Management’s dividend payout ratio (DPR) is 58.42%.
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Several brokerages have issued reports on WM. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Wednesday, June 14th. Stifel Nicolaus boosted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and issued a $82.00 price target on shares of Waste Management in a report on Friday, September 8th. Oppenheimer Holdings, Inc. upped their price target on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group upped their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.19.
About Waste Management
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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