Waste Management, Inc. $WM Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,495 shares of the business services provider’s stock after purchasing an additional 2,823 shares during the quarter. Waste Management comprises approximately 1.1% of Chilton Capital Management LLC’s portfolio, making the stock its 27th largest holding. Chilton Capital Management LLC’s holdings in Waste Management were worth $33,675,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WM. Loomis Sayles & Co. L P acquired a new position in Waste Management in the 2nd quarter valued at about $40,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Waste Management in the 3rd quarter valued at approximately $41,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management in the second quarter valued at approximately $43,000. Halbert Hargrove Global Advisors LLC raised its stake in shares of Waste Management by 47.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after purchasing an additional 78 shares during the last quarter. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of Waste Management during the second quarter worth $58,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $230.41 on Tuesday. The firm has a market capitalization of $92.83 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 2.57 and a beta of 0.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The business’s 50 day simple moving average is $218.31 and its 200-day simple moving average is $219.17. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58.

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

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.825 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a dividend yield of 1.4%. Waste Management’s payout ratio is currently 51.97%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were 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 trade represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WM. DZ Bank began coverage on shares of Waste Management in a research note on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Waste Management in a report on Monday, November 24th. They set a “buy” rating and a $256.00 price target for the company. Royal Bank Of Canada reduced their price objective on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Sanford C. Bernstein boosted their target price on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus reduced their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $251.19.

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.