Shell Asset Management Co. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 77.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,706 shares of the business services provider’s stock after buying an additional 170,769 shares during the period. Shell Asset Management Co. owned about 0.09% of Waste Management worth $18,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Bank of Nova Scotia lifted its position in shares of Waste Management by 23.4% during the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares in the last quarter. Intersect Capital LLC lifted its position in shares of Waste Management by 33.1% during the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after buying an additional 6,009 shares in the last quarter. Aviva PLC lifted its position in shares of Waste Management by 1.0% during the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after buying an additional 2,710 shares in the last quarter. AXA lifted its position in shares of Waste Management by 15.0% during the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock valued at $33,044,000 after buying an additional 58,630 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Waste Management by 28.6% during the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,121 shares in the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.

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A number of research analysts have recently issued reports on WM shares. Credit Suisse Group increased their target price on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. BMO Capital Markets started coverage on Waste Management in a research report on Thursday, June 29th. They set an “outperform” rating and a $81.00 target price on the stock. Oppenheimer Holdings, Inc. increased their target price on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. Stifel Nicolaus increased their target price on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.74.

Shares of Waste Management, Inc. (WM) traded up 0.50% on Friday, reaching $77.76. The company’s stock had a trading volume of 888,731 shares. The stock has a market capitalization of $34.22 billion, a P/E ratio of 26.63 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $61.59 and a 1-year high of $79.28. The company has a 50 day moving average of $77.50 and a 200 day moving average of $74.67.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. Waste Management’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities research analysts expect 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. Shareholders of record on Friday, September 8th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is 58.42%.

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.

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

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