Waste Management, Inc. (NYSE:WM) Stake Raised by Ossiam

Ossiam boosted its holdings in Waste Management, Inc. (NYSE:WM) by 27.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,317 shares of the business services provider’s stock after acquiring an additional 6,815 shares during the quarter. Ossiam’s holdings in Waste Management were worth $4,643,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mirova increased its stake in Waste Management by 0.3% in the 2nd quarter. Mirova now owns 39,865 shares of the business services provider’s stock worth $5,585,000 after purchasing an additional 126 shares in the last quarter. Covington Capital Management lifted its holdings in Waste Management by 0.3% in the 2nd quarter. Covington Capital Management now owns 84,959 shares of the business services provider’s stock worth $11,904,000 after purchasing an additional 279 shares during the last quarter. Parisi Gray Wealth Management acquired a new position in shares of Waste Management during the second quarter worth approximately $25,000. Toroso Investments LLC raised its stake in shares of Waste Management by 51.0% in the second quarter. Toroso Investments LLC now owns 4,692 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its position in Waste Management by 8.1% in the second quarter. Gryphon Financial Partners LLC now owns 2,731 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 74.10% of the company’s stock.

Several equities analysts have recently issued reports on WM shares. Oppenheimer upped their price target on Waste Management from $146.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 16th. Deutsche Bank Aktiengesellschaft raised their price target on Waste Management from $138.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, July 29th. Raymond James reaffirmed an “outperform” rating and set a $146.70 price target (down previously from $147.00) on shares of Waste Management in a research report on Monday, July 26th. Morgan Stanley increased their price objective on Waste Management from $133.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 13th. Finally, BMO Capital Markets increased their price objective on Waste Management from $153.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Hold” and an average target price of $139.97.

In other Waste Management news, Director John C. Pope sold 211 shares of the company’s stock in a transaction dated Friday, July 16th. The stock was sold at an average price of $145.90, for a total value of $30,784.90. Following the sale, the director now owns 54,943 shares in the company, valued at approximately $8,016,183.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles C. Boettcher sold 28,097 shares of the company’s stock in a transaction dated Tuesday, July 27th. The shares were sold at an average price of $148.61, for a total value of $4,175,495.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,826 shares of company stock worth $13,292,316. Corporate insiders own 0.16% of the company’s stock.

Shares of NYSE WM traded up $1.38 during midday trading on Thursday, hitting $156.35. 3,018 shares of the company’s stock were exchanged, compared to its average volume of 1,597,169. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.75. Waste Management, Inc. has a 12 month low of $106.11 and a 12 month high of $156.74. The company’s 50 day moving average price is $152.49 and its 200 day moving average price is $144.16. The firm has a market capitalization of $65.84 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 27th. The business services provider reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.09. Waste Management had a return on equity of 26.32% and a net margin of 9.69%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Management, Inc. will post 4.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, September 3rd were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $2.30 annualized dividend and a dividend yield of 1.47%. Waste Management’s payout ratio is 57.07%.

Waste Management Profile

Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States.

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

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