Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Fairway Wealth LLC

Fairway Wealth LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 62.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171 shares of the business services provider’s stock after buying an additional 66 shares during the quarter. Fairway Wealth LLC’s holdings in Waste Management were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WM. Parnassus Investments LLC increased its holdings in Waste Management by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock worth $859,624,000 after buying an additional 16,213 shares during the last quarter. Capital World Investors increased its stake in shares of Waste Management by 44.6% during the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after purchasing an additional 1,303,466 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Waste Management by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider’s stock valued at $473,047,000 after purchasing an additional 221,380 shares in the last quarter. AMF Tjanstepension AB lifted its stake in shares of Waste Management by 85.6% in the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after purchasing an additional 720,358 shares during the last quarter. Finally, Capital International Investors boosted its holdings in Waste Management by 0.3% in the fourth quarter. Capital International Investors now owns 1,521,449 shares of the business services provider’s stock worth $272,491,000 after purchasing an additional 5,103 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.1 %

Shares of WM opened at $208.36 on Tuesday. The stock’s 50-day moving average price is $209.19 and its 200 day moving average price is $208.80. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00. The firm has a market capitalization of $83.57 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.33 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period in the prior year, the company posted $1.51 earnings per share. Waste Management’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, September 13th. Waste Management’s payout ratio is 49.10%.

Analyst Ratings Changes

Several equities analysts have weighed in on WM shares. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 target price on the stock. CIBC reduced their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Royal Bank of Canada lowered their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Oppenheimer reduced their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, BMO Capital Markets lowered their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $215.83.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.