Stephens Inc. AR lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,342 shares of the business services provider’s stock after purchasing an additional 1,743 shares during the quarter. Stephens Inc. AR’s holdings in Waste Management were worth $17,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Blue Chip Wealth Management Inc. lifted its position in shares of Waste Management by 11.3% during the 3rd quarter. Blue Chip Wealth Management Inc. now owns 9,015 shares of the business services provider’s stock worth $1,037,000 after buying an additional 917 shares during the period. Covenant Asset Management LLC lifted its position in shares of Waste Management by 42.0% during the 3rd quarter. Covenant Asset Management LLC now owns 11,536 shares of the business services provider’s stock worth $1,327,000 after buying an additional 3,411 shares during the period. Alpha Cubed Investments LLC lifted its position in shares of Waste Management by 16.5% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,812 shares of the business services provider’s stock worth $323,000 after buying an additional 399 shares during the period. Brookstone Capital Management lifted its position in shares of Waste Management by 26.4% during the 3rd quarter. Brookstone Capital Management now owns 6,011 shares of the business services provider’s stock worth $691,000 after buying an additional 1,254 shares during the period. Finally, Northstar Asset Management LLC lifted its position in shares of Waste Management by 7.3% during the 3rd quarter. Northstar Asset Management LLC now owns 1,931 shares of the business services provider’s stock worth $222,000 after buying an additional 131 shares during the period. 73.24% of the stock is currently owned by institutional investors.

WM has been the subject of several analyst reports. Bank of America downgraded Waste Management from a “buy” rating to a “neutral” rating in a research report on Friday. Royal Bank of Canada set a $126.00 target price on Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. Macquarie reiterated an “outperform” rating and issued a $130.00 price objective on shares of Waste Management in a research report on Wednesday, September 4th. Scotiabank started coverage on Waste Management in a research report on Monday, July 22nd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. started coverage on Waste Management in a research report on Wednesday, August 7th. They issued a “neutral” rating and a $120.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.82.

In other news, SVP Tara J. Hmmer sold 4,739 shares of Waste Management stock in a transaction on Monday, September 9th. The stock was sold at an average price of $118.04, for a total value of $559,391.56. Following the completion of the sale, the senior vice president now directly owns 23,470 shares of the company’s stock, valued at approximately $2,770,398.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael J. Watson sold 8,019 shares of Waste Management stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $119.40, for a total value of $957,468.60. Following the completion of the sale, the vice president now directly owns 17,254 shares of the company’s stock, valued at $2,060,127.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,347 shares of company stock valued at $1,585,155. Corporate insiders own 0.14% of the company’s stock.

WM traded up $0.77 during trading on Friday, hitting $117.05. The company’s stock had a trading volume of 2,489,439 shares, compared to its average volume of 1,871,340. The firm’s 50 day moving average price is $115.90 and its two-hundred day moving average price is $113.02. The company has a quick ratio of 1.66, a current ratio of 1.70 and a debt-to-equity ratio of 1.95. Waste Management, Inc. has a 12 month low of $83.22 and a 12 month high of $121.77. The stock has a market capitalization of $49.33 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Management, Inc. will post 4.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.512 dividend. The ex-dividend date was Thursday, September 5th. This represents a $2.05 annualized dividend and a yield of 1.75%. Waste Management’s payout ratio is 48.81%.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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