AMP Capital Investors Ltd Has $24.07 Million Holdings in Waste Management, Inc. (WM)
AMP Capital Investors Ltd decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 17.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307,585 shares of the business services provider’s stock after selling 66,790 shares during the period. AMP Capital Investors Ltd owned approximately 0.07% of Waste Management worth $24,074,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Waste Management in the second quarter worth about $101,000. Bruderman Asset Management LLC bought a new position in shares of Waste Management in the second quarter worth about $110,000. FTB Advisors Inc. grew its holdings in shares of 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 during the last quarter. First Interstate Bank grew its holdings in shares of Waste Management by 2.4% in the second 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 during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Waste Management by 25.1% in the second 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 during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
A number of research firms have recently commented on WM. Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the stock a “buy” rating in a report on Monday, October 30th. Oppenheimer upped their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets upped their price target on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and issued a $88.00 price target on shares of Waste Management in a report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Waste Management presently has an average rating of “Buy” and a consensus price target of $81.81.
Waste Management, Inc. (NYSE:WM) traded up $0.41 during trading hours on Friday, reaching $83.91. 1,171,100 shares of the company were exchanged, compared to its average volume of 1,678,953. Waste Management, Inc. has a 52 week low of $69.00 and a 52 week high of $83.95. The stock has a market capitalization of $36,440.00, a price-to-earnings ratio of 26.76, a PEG ratio of 2.71 and a beta of 0.75. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60.
Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts predict that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 54.66%.
About Waste Management
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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