Yellowstone Partners LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,741 shares of the business services provider’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Waste Management by 7,400.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock valued at $316,712,000 after buying an additional 4,260,260 shares during the period. Vanguard Group Inc. raised its holdings in shares of Waste Management by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after buying an additional 1,621,347 shares during the period. BlackRock Inc. raised its holdings in shares of Waste Management by 4.9% during the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after buying an additional 1,475,583 shares during the period. APG Asset Management N.V. raised its holdings in shares of Waste Management by 49.2% during the 3rd quarter. APG Asset Management N.V. now owns 2,417,131 shares of the business services provider’s stock valued at $189,189,000 after buying an additional 797,192 shares during the period. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Waste Management by 52.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,942,925 shares of the business services provider’s stock valued at $152,073,000 after buying an additional 666,000 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Waste Management, Inc. (WM) traded up $0.70 during mid-day trading on Thursday, reaching $85.34. The company’s stock had a trading volume of 2,069,800 shares, compared to its average volume of 1,687,735. 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 52 week low of $69.00 and a 52 week high of $85.87. The stock has a market cap of $37,060.00, a P/E ratio of 27.13, a PEG ratio of 2.75 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the business earned $0.84 EPS. Waste Management’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities research analysts anticipate 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. Shareholders of record on Friday, December 1st will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 annualized dividend and a yield of 1.99%. Waste Management’s dividend payout ratio is presently 54.66%.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

Several equities research analysts recently commented on WM shares. Credit Suisse Group set a $90.00 target price on Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Oppenheimer raised their target price on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. KeyCorp raised their target price on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of Waste Management in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Buy” and an average price target of $83.31.

COPYRIGHT VIOLATION WARNING: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/12/14/5741-shares-in-waste-management-inc-wm-acquired-by-yellowstone-partners-llc.html.

Waste Management 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)

Receive News & Stock Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related stocks with our FREE daily email newsletter.