Capstone Asset Management Co. raised its position in shares of Waste Management Inc. (NYSE:WM) by 9.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,190 shares of the company’s stock after buying an additional 4,970 shares during the period. Capstone Asset Management Co.’s holdings in Waste Management were worth $3,519,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WM. Atria Investments LLC purchased a new stake in Waste Management during the third quarter valued at about $218,000. Creative Planning boosted its stake in Waste Management by 9.7% in the third quarter. Creative Planning now owns 52,183 shares of the company’s stock valued at $3,327,000 after buying an additional 4,628 shares in the last quarter. Perkins Coie Trust Co boosted its stake in Waste Management by 5.3% in the third quarter. Perkins Coie Trust Co now owns 7,195 shares of the company’s stock valued at $459,000 after buying an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Waste Management by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 111,031 shares of the company’s stock valued at $7,079,000 after buying an additional 2,341 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Waste Management by 32.9% in the third quarter. Advisory Services Network LLC now owns 13,744 shares of the company’s stock valued at $876,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 72.96% of the company’s stock.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Shares of Waste Management Inc. (NYSE:WM) traded down 0.66% during midday trading on Wednesday, reaching $69.52. 2,896,651 shares of the company’s stock were exchanged. Waste Management Inc. has a 12-month low of $50.36 and a 12-month high of $70.67. The stock has a market cap of $30.73 billion, a PE ratio of 27.90 and a beta of 0.72. The stock’s 50 day moving average is $65.43 and its 200-day moving average is $64.52.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Waste Management had a net margin of 8.36% and a return on equity of 24.07%. The firm earned $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Waste Management’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts expect that Waste Management Inc. will post $2.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.36%. Waste Management’s dividend payout ratio is 65.34%.

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Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Barclays PLC cut shares of Waste Management from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $66.00 to $70.00 in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. assumed coverage on shares of Waste Management in a research report on Tuesday, November 1st. They set a “sell” rating and a $63.00 price objective on the stock. Argus restated a “buy” rating and set a $72.00 price objective on shares of Waste Management in a research report on Wednesday, August 10th. Finally, KeyCorp upgraded shares of Waste Management from a “sector weight” rating to an “overweight” rating and set a $74.00 price objective on the stock in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Waste Management has a consensus rating of “Hold” and a consensus 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.

5 Day Chart for NYSE:WM

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