Quintet Private Bank Europe S.A. Has $29.84 Million Position in Waste Management, Inc. (NYSE:WM)

Quintet Private Bank Europe S.A. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,739 shares of the business services provider’s stock after acquiring an additional 17,691 shares during the period. Waste Management makes up approximately 1.7% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 20th biggest position. Quintet Private Bank Europe S.A.’s holdings in Waste Management were worth $29,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WM. ARS Wealth Advisors Group LLC raised its position in shares of Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after buying an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Waste Management by 29.7% during the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 49 shares during the last quarter. Cypress Asset Management Inc. TX raised its holdings in Waste Management by 1.2% in the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after acquiring an additional 50 shares during the last quarter. GYL Financial Synergies LLC raised its stake in Waste Management by 3.8% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock valued at $290,000 after buying an additional 50 shares during the last quarter. Finally, Aries Wealth Management boosted its holdings in Waste Management by 0.6% in the 2nd quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock worth $1,873,000 after buying an additional 50 shares during the period. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on WM shares. Robert W. Baird reduced their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted 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 note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $226.05.

Waste Management Trading Down 0.4 %

WM stock traded down $0.77 during midday trading on Monday, hitting $213.22. The stock had a trading volume of 241,128 shares, compared to its average volume of 1,614,580. The firm has a market cap of $85.58 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 1-year low of $167.78 and a 1-year high of $225.00. The business has a fifty day moving average price of $209.34 and a two-hundred day moving average price of $208.87.

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

Waste Management Announces Dividend

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

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.