Mitchell & Pahl Private Wealth LLC Grows Holdings in Waste Management, Inc. (NYSE:WM)

Mitchell & Pahl Private Wealth LLC lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 0.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,740 shares of the business services provider’s stock after buying an additional 107 shares during the quarter. Waste Management accounts for approximately 1.4% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 13th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Waste Management were worth $3,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in Waste Management by 18.4% in the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock valued at $55,990,000 after buying an additional 48,549 shares during the period. Trium Capital LLP grew its holdings in Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares during the period. Pinkerton Retirement Specialists LLC increased its position in Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after purchasing an additional 3,145 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Waste Management by 8.8% in the 1st quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 61 shares during the last quarter. Finally, Alaska Permanent Fund Corp grew its stake in shares of Waste Management by 240.6% during the 1st quarter. Alaska Permanent Fund Corp now owns 24,383 shares of the business services provider’s stock valued at $5,197,000 after buying an additional 17,225 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. CIBC dropped their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Oppenheimer cut their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, William Blair assumed coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Stock Down 0.4 %

Shares of Waste Management stock traded down $0.79 on Thursday, hitting $212.35. 191,257 shares of the company’s stock traded hands, compared to its average volume of 1,625,326. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The stock has a market cap of $85.22 billion, a P/E ratio of 33.88, a PEG ratio of 2.39 and a beta of 0.74. The firm’s 50-day moving average is $207.98 and its 200 day moving average is $208.45.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. Equities analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s payout ratio is 47.69%.

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.