Shell Asset Management Co. Trims Holdings in Waste Management, Inc. (NYSE:WM)

Shell Asset Management Co. trimmed its stake in Waste Management, Inc. (NYSE:WMGet Rating) by 14.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,741 shares of the business services provider’s stock after selling 610 shares during the period. Shell Asset Management Co.’s holdings in Waste Management were worth $593,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund increased its stake in Waste Management by 27.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,737 shares of the business services provider’s stock worth $1,458,000 after buying an additional 1,907 shares during the period. Xponance Inc. increased its stake in Waste Management by 24.3% during the 4th quarter. Xponance Inc. now owns 33,376 shares of the business services provider’s stock worth $5,570,000 after buying an additional 6,515 shares during the period. Qube Research & Technologies Ltd increased its stake in Waste Management by 2,268.5% during the 4th quarter. Qube Research & Technologies Ltd now owns 299,901 shares of the business services provider’s stock worth $50,053,000 after buying an additional 287,239 shares during the period. Cozad Asset Management Inc. grew its holdings in Waste Management by 3.7% during the 4th quarter. Cozad Asset Management Inc. now owns 1,898 shares of the business services provider’s stock worth $317,000 after acquiring an additional 67 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in Waste Management by 17.2% during the 4th quarter. Centaurus Financial Inc. now owns 2,334 shares of the business services provider’s stock worth $390,000 after acquiring an additional 343 shares in the last quarter. 80.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WM. Oppenheimer set a $160.00 price target on shares of Waste Management in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Waste Management from $157.00 to $167.00 in a report on Thursday, April 28th. Royal Bank of Canada restated a “maintains” rating on shares of Waste Management in a report on Thursday, July 28th. Morgan Stanley restated a “maintains” rating and issued a $175.00 target price (up previously from $165.00) on shares of Waste Management in a report on Thursday, July 28th. Finally, Raymond James restated a “maintains” rating on shares of Waste Management in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $165.57.

Waste Management Stock Down 0.0 %

Shares of NYSE:WM opened at $163.33 on Wednesday. The stock has a market cap of $67.51 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.53 and a beta of 0.78. The firm has a fifty day moving average price of $153.48 and a 200 day moving average price of $153.78. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a 1-year low of $138.58 and a 1-year high of $170.18.

Waste Management (NYSE:WMGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The business services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Waste Management had a net margin of 11.27% and a return on equity of 30.69%. Waste Management’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. Sell-side analysts predict that Waste Management, Inc. will post 5.69 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, June 2nd. Waste Management’s dividend payout ratio is currently 50.78%.

Insider Buying and Selling

In other Waste Management news, Director John C. Pope sold 219 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total transaction of $33,329.61. Following the completion of the transaction, the director now owns 55,439 shares in the company, valued at approximately $8,437,261.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

About Waste Management

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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