Hantz Financial Services Inc. Acquires 7,622 Shares of Waste Management, Inc. $WM

Hantz Financial Services Inc. increased its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,011 shares of the business services provider’s stock after acquiring an additional 7,622 shares during the quarter. Hantz Financial Services Inc.’s holdings in Waste Management were worth $7,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Vanguard Group Inc. raised its position in shares of Waste Management by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,662,207 shares of the business services provider’s stock worth $8,617,866,000 after purchasing an additional 292,868 shares during the last quarter. Geode Capital Management LLC raised its holdings in Waste Management by 1.5% in the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock worth $1,972,856,000 after buying an additional 126,329 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Waste Management by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after buying an additional 74,528 shares in the last quarter. Norges Bank purchased a new stake in shares of Waste Management during the second quarter valued at approximately $1,064,206,000. Finally, Amundi raised its holdings in Waste Management by 8.6% in the 2nd quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock worth $804,809,000 after acquiring an additional 284,733 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $226.44 on Thursday. The company has a 50-day moving average price of $219.83 and a 200-day moving average price of $219.19. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $91.23 billion, a P/E ratio of 33.80, a PEG ratio of 2.38 and a beta of 0.58.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is currently 49.25%.

Insider Activity at Waste Management

In other Waste Management news, SVP Tara J. Hemmer sold 690 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.71, for a total transaction of $151,599.90. Following the completion of the sale, the senior vice president owned 83,736 shares of the company’s stock, valued at approximately $18,397,636.56. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Charles C. Boettcher sold 689 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.32, for a total value of $151,111.48. Following the completion of the transaction, the executive vice president directly owned 56,159 shares in the company, valued at $12,316,791.88. This trade represents a 1.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,806 shares of company stock valued at $1,490,204 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. CIBC reduced their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company increased their price objective on Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Stifel Nicolaus lifted their price objective on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Waste Management in a research note on Monday, December 29th. Finally, Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

View Our Latest Research Report on WM

Waste Management Profile

(Free Report)

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.

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

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