Teacher Retirement System of Texas trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,021,185 shares of the business services provider’s stock after selling 35,540 shares during the period. Teacher Retirement System of Texas owned 0.24% of Waste Management worth $79,928,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WM. Bank of Nova Scotia lifted its stake in shares of Waste Management by 23.4% during the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares during the period. Intersect Capital LLC raised its stake in Waste Management by 33.1% during the second quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after purchasing an additional 6,009 shares during the period. Aviva PLC raised its stake in Waste Management by 1.0% during the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after purchasing an additional 2,710 shares during the period. AXA raised its stake in Waste Management by 15.0% during the second quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after purchasing an additional 58,630 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of Waste Management by 28.6% in the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 1,121 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

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Shares of Waste Management, Inc. (NYSE WM) traded down $0.08 during trading on Monday, reaching $81.32. 1,815,500 shares of the company’s stock traded hands, compared to its average volume of 1,670,080. The company has a market cap of $35,510.00, a price-to-earnings ratio of 26.06, a PEG ratio of 2.64 and a beta of 0.76. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. Waste Management, Inc. has a 12-month low of $66.40 and a 12-month high of $82.87.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts forecast that Waste Management, Inc. will post 3.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a yield of 2.09%. Waste Management’s payout ratio is presently 54.66%.

Several research analysts have weighed in on the stock. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the stock a “buy” rating in a report on Monday, October 30th. Oppenheimer Holdings, Inc. raised their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. BMO Capital Markets raised their price target on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Waste Management from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $88.00 price objective on shares of Waste Management in a research report on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.81.

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.

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

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