Waste Management, Inc. (WM) Stake Held by Sentry Investment Management LLC
Sentry Investment Management LLC continued to hold its position in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,058 shares of the business services provider’s stock at the close of the second quarter. Sentry Investment Management LLC’s holdings in Waste Management were worth $2,131,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new position in Waste Management in the second quarter worth about $101,000. Northwest Investment Counselors LLC acquired a new position in Waste Management in the second quarter worth about $103,000. Bruderman Asset Management LLC acquired a new position in Waste Management in the second quarter worth about $110,000. Guardian Life Insurance Co. of America grew its stake in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after purchasing an additional 14 shares in the last quarter. Finally, FTB Advisors Inc. grew its stake in Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.
A number of equities analysts recently commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research note on Friday. KeyCorp lifted their price target on Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America Corporation decreased their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Zacks Investment Research downgraded Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus downgraded Waste Management from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $80.00 in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $78.74.
Waste Management, Inc. (NYSE WM) traded up 0.34% during midday trading on Tuesday, hitting $76.95. The stock had a trading volume of 362,107 shares. The stock’s 50 day moving average price is $77.49 and its 200-day moving average price is $74.58. Waste Management, Inc. has a 52 week low of $61.59 and a 52 week high of $79.28. The company has a market cap of $33.86 billion, a PE ratio of 26.35 and a beta of 0.74.
Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Waste Management’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post $3.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.425 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.22%. Waste Management’s payout ratio is 58.42%.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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