Fmr LLC Has $115.72 Million Position in Waste Management, Inc. (NYSE:WM)

Fmr LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 30.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709,179 shares of the business services provider’s stock after selling 305,132 shares during the quarter. Fmr LLC owned approximately 0.17% of Waste Management worth $115,717,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Ten Capital Wealth Advisors LLC lifted its stake in Waste Management by 1,106.7% in the first quarter. Ten Capital Wealth Advisors LLC now owns 181 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Steward Financial Group LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $31,000. State of Wyoming acquired a new stake in Waste Management in the fourth quarter valued at approximately $34,000. Cutler Group LLC CA lifted its stake in Waste Management by 482.8% in the first quarter. Cutler Group LLC CA now owns 222 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 280 shares during the last quarter. Finally, Carmel Capital Partners LLC acquired a new stake in Waste Management in the first quarter valued at approximately $38,000. 78.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WM. Citigroup reduced their price objective on shares of Waste Management from $204.00 to $202.00 in a research note on Thursday, July 27th. StockNews.com began coverage on shares of Waste Management in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James reduced their price objective on shares of Waste Management from $185.00 to $179.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Finally, BMO Capital Markets reduced their price objective on shares of Waste Management from $167.00 to $166.00 in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $179.18.

Waste Management Trading Up 0.1 %

Shares of Waste Management stock opened at $157.01 on Monday. The firm has a market capitalization of $63.60 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.82 and a quick ratio of 0.78. The company’s fifty day moving average price is $164.40 and its two-hundred day moving average price is $162.03. Waste Management, Inc. has a 52-week low of $148.31 and a 52-week high of $174.74.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.03). The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.23 billion. Waste Management had a net margin of 11.42% and a return on equity of 33.81%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. On average, analysts expect that Waste Management, Inc. will post 5.96 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is presently 50.36%.

Insider Activity

In other news, Director John C. Pope sold 198 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $168.40, for a total value of $33,343.20. Following the sale, the director now owns 56,147 shares in the company, valued at approximately $9,455,154.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Bruce E. Chinn sold 172 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $159.44, for a total transaction of $27,423.68. Following the transaction, the director now owns 822 shares in the company, valued at approximately $131,059.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Pope sold 198 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $168.40, for a total transaction of $33,343.20. Following the transaction, the director now owns 56,147 shares in the company, valued at approximately $9,455,154.80. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.