D.A. Davidson & CO. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,681 shares of the business services provider’s stock after selling 732 shares during the period. D.A. Davidson & CO.’s holdings in Waste Management were worth $3,184,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Waste Management during the second quarter worth about $101,000. Northwest Investment Counselors LLC bought a new position in Waste Management in the second quarter worth about $103,000. Bruderman Asset Management LLC bought a new position in Waste Management in the second quarter worth about $110,000. FTB Advisors Inc. lifted its holdings in Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after acquiring an additional 65 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in Waste Management by 2.4% in the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after acquiring an additional 38 shares during the last quarter. 76.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Waste Management, Inc. (WM) traded up $0.16 during midday trading on Friday, reaching $80.42. 474,503 shares of the company’s stock were exchanged, compared to its average volume of 1,674,989. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 1 year low of $68.84 and a 1 year high of $82.87. The company has a market capitalization of $34,850.19, a PE ratio of 25.72, a P/E/G ratio of 2.61 and a beta of 0.76.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the company posted $0.84 earnings per share. Waste Management’s revenue was up 4.7% on a year-over-year basis. research analysts anticipate that Waste Management, Inc. will post 3.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.70 annualized dividend and a dividend yield of 2.11%. Waste Management’s payout ratio is currently 54.84%.

A number of equities analysts have issued reports on WM shares. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of Waste Management in a report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $88.00 target price on shares of Waste Management in a report on Friday, October 27th. Bank of America Corporation cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Finally, Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the stock a “buy” rating in a report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Waste Management has an average rating of “Buy” and a consensus price target of $81.81.

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

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