Waste Management, Inc. $WM Shares Bought by Cwm LLC

Cwm LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,573 shares of the business services provider’s stock after acquiring an additional 12,260 shares during the period. Cwm LLC’s holdings in Waste Management were worth $27,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of Waste Management during the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new position in Waste Management in the first quarter valued at $38,000. Loomis Sayles & Co. L P purchased a new stake in Waste Management during the second quarter valued at about $40,000. Wealth Watch Advisors INC acquired a new stake in Waste Management during the second quarter worth about $43,000. Finally, eCIO Inc. purchased a new position in shares of Waste Management in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WM. UBS Group dropped their target price on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company started coverage on shares of Waste Management in a research note on Friday, November 14th. They set an “overweight” rating and a $238.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Morgan Stanley reduced their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. increased their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $248.95.

Waste Management Price Performance

WM opened at $221.03 on Friday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The firm has a market cap of $89.05 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.73 and a beta of 0.58. The company has a fifty day simple moving average of $211.78 and a 200 day simple moving average of $220.64.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is presently 51.97%.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.