Waste Management, Inc. (WM) Shares Sold by KBC Group NV
KBC Group NV reduced its position in Waste Management, Inc. (NYSE:WM) by 39.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,564 shares of the business services provider’s stock after selling 74,700 shares during the quarter. KBC Group NV’s holdings in Waste Management were worth $8,967,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Waste Management by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,411,544 shares of the business services provider’s stock valued at $110,483,000 after purchasing an additional 10,992 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Waste Management by 8.1% during the third quarter. Brown Advisory Inc. now owns 37,575 shares of the business services provider’s stock valued at $2,942,000 after purchasing an additional 2,814 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Waste Management by 0.9% during the third quarter. Pittenger & Anderson Inc. now owns 78,895 shares of the business services provider’s stock valued at $6,175,000 after purchasing an additional 665 shares during the last quarter. Sii Investments Inc. WI bought a new position in shares of Waste Management during the third quarter valued at approximately $207,000. Finally, Tiedemann Wealth Management LLC bought a new position in shares of Waste Management during the third quarter valued at approximately $234,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Credit Suisse Group set a $90.00 target price on Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Oppenheimer upped their target price on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets upped their target price on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and set a $88.00 price objective on shares of Waste Management in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $81.81.
Shares of Waste Management, Inc. (WM) traded up $1.34 during midday trading on Tuesday, hitting $83.15. The stock had a trading volume of 2,263,400 shares, compared to its average volume of 1,678,800. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. The firm has a market capitalization of $35,523.23, a P/E ratio of 26.22, a PEG ratio of 2.66 and a beta of 0.75. Waste Management, Inc. has a fifty-two week low of $68.84 and a fifty-two week high of $83.93.
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, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.84 earnings per share. equities research analysts forecast that Waste Management, Inc. will post 3.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.70 annualized dividend and a dividend yield of 2.04%. Waste Management’s dividend payout ratio is presently 54.84%.
In other news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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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