Franklin Street Advisors Inc. NC Has $5,158,000 Stake in Waste Management Inc. (WM)
Franklin Street Advisors Inc. NC raised its position in Waste Management Inc. (NYSE:WM) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,892 shares of the company’s stock after buying an additional 8,900 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Waste Management were worth $5,158,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Investment Consultants LLC raised its stake in shares of Waste Management by 7.6% in the second quarter. Integrated Investment Consultants LLC now owns 3,344 shares of the company’s stock valued at $222,000 after buying an additional 235 shares during the period. First Republic Investment Management Inc. raised its stake in shares of Waste Management by 21.6% in the first quarter. First Republic Investment Management Inc. now owns 290,235 shares of the company’s stock valued at $17,124,000 after buying an additional 51,480 shares during the period. Euclid Advisors LLC bought a new stake in shares of Waste Management during the first quarter valued at approximately $14,841,000. Avalon Advisors LLC increased its stake in shares of Waste Management by 1.9% in the first quarter. Avalon Advisors LLC now owns 212,245 shares of the company’s stock valued at $12,522,000 after buying an additional 4,019 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Waste Management by 4.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 211,219 shares of the company’s stock valued at $12,459,000 after buying an additional 9,749 shares in the last quarter. Institutional investors own 75.80% of the company’s stock.
Shares of Waste Management Inc. (NYSE:WM) traded up 0.09% on Wednesday, reaching $68.71. The company’s stock had a trading volume of 2,564,469 shares. The company’s 50 day moving average is $63.76 and its 200-day moving average is $63.94. Waste Management Inc. has a 1-year low of $50.36 and a 1-year high of $70.50. The stock has a market cap of $30.37 billion, a PE ratio of 27.57 and a beta of 0.72.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the company earned $0.74 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts predict that Waste Management Inc. will post $2.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.41 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. Waste Management’s dividend payout ratio is currently 65.34%.
Several equities research analysts have recently commented on WM shares. KeyCorp raised Waste Management from a “sector weight” rating to an “overweight” rating and set a $74.00 target price for the company in a report on Tuesday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $73.00 target price on shares of Waste Management in a report on Thursday, July 28th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, September 27th. Barclays PLC raised Waste Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $63.37 to $70.00 in a report on Monday, November 7th. Finally, Macquarie started coverage on Waste Management in a report on Thursday, August 25th. They set a “neutral” rating and a $69.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $68.23.
Waste Management Company Profile
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
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