Waste Management, Inc. (WM) Shares Bought by Cobblestone Capital Advisors LLC NY
Cobblestone Capital Advisors LLC NY lifted its stake in Waste Management, Inc. (NYSE:WM) by 15.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,677 shares of the business services provider’s stock after acquiring an additional 780 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Waste Management were worth $444,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in WM. Bank of Nova Scotia boosted its stake in Waste Management by 23.4% during the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after buying an additional 78,100 shares in the last quarter. Intersect Capital LLC boosted its stake in Waste Management by 33.1% during the second quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after buying an additional 6,009 shares in the last quarter. Aviva PLC boosted its stake in Waste Management by 1.0% during the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after buying an additional 2,710 shares in the last quarter. AXA boosted its stake in Waste Management by 15.0% during the second quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after buying an additional 58,630 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Waste Management by 28.6% during the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after buying an additional 1,121 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Shares of Waste Management, Inc. (NYSE:WM) traded down $0.08 during midday trading on Monday, hitting $81.32. The company’s stock had a trading volume of 1,815,500 shares, compared to its average volume of 1,670,080. The company has a market capitalization of $35,510.00, a PE ratio of 26.06, a PEG ratio of 2.64 and a beta of 0.76. Waste Management, Inc. has a 12 month low of $66.40 and a 12 month high of $82.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. equities analysts forecast that Waste Management, Inc. will post 3.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.09%. Waste Management’s dividend payout ratio is 54.66%.
A number of equities research analysts have weighed in on WM shares. BMO Capital Markets reiterated a “buy” rating and set a $82.00 price target on shares of Waste Management in a research note on Friday, September 8th. Stifel Nicolaus lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research downgraded shares of Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. KeyCorp lifted their price target on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Bank of America Corporation decreased 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $81.81.
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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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