Mn Services Vermogensbeheer B.V. Sells 5,000 Shares of Waste Management, Inc. (NYSE:WM)

Mn Services Vermogensbeheer B.V. decreased its stake in Waste Management, Inc. (NYSE:WM) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,300 shares of the business services provider’s stock after selling 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Waste Management were worth $32,240,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WM. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC raised its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Fairscale Capital LLC bought a new position in Waste Management in the 2nd quarter worth $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the 2nd quarter worth $36,000. Finally, Hexagon Capital Partners LLC raised its holdings in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.4 %

Shares of WM traded down $0.77 during trading hours on Monday, reaching $213.22. 241,128 shares of the company traded hands, compared to its average volume of 1,614,580. The stock’s fifty day moving average price is $209.34 and its 200 day moving average price is $208.87. The company has a current ratio of 0.89, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The firm has a market cap of $85.58 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $167.78 and a 12-month high of $225.00.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Sell-side analysts forecast that Waste Management, Inc. will post 7.28 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on WM. BMO Capital Markets increased their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $226.05.

About Waste Management

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.