TD Asset Management Inc. Buys 36,439 Shares of Waste Management Inc. (WM)
TD Asset Management Inc. increased its position in shares of Waste Management Inc. (NYSE:WM) by 7.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 503,033 shares of the company’s stock after buying an additional 36,439 shares during the period. TD Asset Management Inc. owned 0.11% of Waste Management worth $32,073,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Alexandria Capital LLC boosted its stake in shares of Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock worth $105,000 after buying an additional 41 shares in the last quarter. Hudock Capital Group LLC boosted its stake in shares of Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 1,715 shares of the company’s stock worth $113,000 after buying an additional 11 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Waste Management during the second quarter worth $132,000. Financial Architects Inc boosted its stake in shares of Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock worth $132,000 after buying an additional 16 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Waste Management by 320.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,100 shares of the company’s stock worth $139,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 72.96% of the company’s stock.
Shares of Waste Management Inc. (NYSE:WM) traded down 0.021% during midday trading on Tuesday, reaching $70.215. The company’s stock had a trading volume of 255,302 shares. Waste Management Inc. has a 12 month low of $50.36 and a 12 month high of $70.50. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 28.176 and a beta of 0.72. The stock has a 50-day moving average of $65.21 and a 200 day moving average of $64.46.
Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, analysts predict that Waste Management Inc. will post $2.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, November 30th. Waste Management’s dividend payout ratio is currently 65.34%.
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A number of research analysts recently issued reports on WM shares. Vetr lowered Waste Management from a “buy” rating to a “hold” rating and set a $68.25 target price on the stock. in a report on Wednesday, November 9th. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Argus reaffirmed a “buy” rating and set a $72.00 target price on shares of Waste Management in a report on Wednesday, August 10th. Goldman Sachs Group Inc. started coverage on Waste Management in a report on Tuesday, November 1st. They set a “sell” rating and a $63.00 target price on the stock. Finally, KeyCorp raised Waste Management from a “sector weight” rating to an “overweight” rating and set a $74.00 target price on the stock in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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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