Asset Management One Co. Ltd. boosted its position in Waste Management, Inc. (NYSE:WM) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 909,665 shares of the business services provider’s stock after buying an additional 55,640 shares during the period. Asset Management One Co. Ltd. owned approximately 0.21% of Waste Management worth $71,230,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. purchased a new stake in shares of Waste Management during the 2nd quarter worth $101,000. Bruderman Asset Management LLC purchased a new stake in shares of Waste Management during the 2nd quarter worth $110,000. FTB Advisors Inc. boosted its position in shares of Waste Management by 4.3% during the 2nd 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. First Interstate Bank boosted its position in shares of Waste Management by 2.4% during the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after purchasing an additional 38 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Waste Management by 25.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock worth $124,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Several brokerages have commented on WM. KeyCorp boosted their target price on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. BMO Capital Markets lifted their price target on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Oppenheimer lifted their price target on Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus downgraded Waste Management from a “buy” rating to a “hold” rating and cut their price target for the stock from $85.00 to $80.00 in a research note on Wednesday, October 4th. Finally, Credit Suisse Group set a $90.00 price target on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.81.

Waste Management, Inc. (NYSE:WM) traded up $0.18 during trading hours on Thursday, hitting $83.50. The stock had a trading volume of 1,431,800 shares, compared to its average volume of 1,681,114. The firm has a market cap of $36,178.89, a P/E ratio of 26.70, a PEG ratio of 2.71 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a fifty-two week low of $68.97 and a fifty-two week high of $83.93.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, November 30th. Waste Management’s payout ratio is 54.84%.

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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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