Waste Management, Inc. (NYSE:WM) Shares Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. raised its holdings in Waste Management, Inc. (NYSE:WMGet Rating) by 9.1% during the second quarter, HoldingsChannel.com reports. The firm owned 1,516 shares of the business services provider’s stock after buying an additional 126 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Waste Management were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Gamble Jones Investment Counsel raised its position in shares of Waste Management by 4.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 1,360 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 60 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Waste Management by 0.4% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 15,601 shares of the business services provider’s stock valued at $2,387,000 after acquiring an additional 60 shares during the last quarter. Capital Planning Advisors LLC increased its holdings in shares of Waste Management by 4.7% in the 2nd quarter. Capital Planning Advisors LLC now owns 1,345 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 60 shares during the last quarter. Doyle Wealth Management increased its holdings in shares of Waste Management by 3.3% in the 2nd quarter. Doyle Wealth Management now owns 1,897 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 60 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware grew its stake in Waste Management by 0.6% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 10,266 shares of the business services provider’s stock worth $1,571,000 after buying an additional 61 shares during the last quarter. 74.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Oppenheimer lowered their price objective on Waste Management to $169.00 in a research note on Thursday, October 20th. Morgan Stanley reduced their price target on Waste Management from $180.00 to $177.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Jefferies Financial Group upgraded Waste Management from a “hold” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $191.00 in a research report on Tuesday, October 25th. Raymond James reduced their price target on Waste Management from $173.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, October 25th. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.75.

Waste Management Trading Up 0.5 %

Shares of Waste Management stock opened at $164.01 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.97. The firm has a market cap of $67.32 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The business has a fifty day simple moving average of $161.25 and a 200-day simple moving average of $160.28. Waste Management, Inc. has a fifty-two week low of $138.58 and a fifty-two week high of $175.98.

Waste Management (NYSE:WMGet Rating) last announced its earnings results on Wednesday, October 26th. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. Waste Management had a return on equity of 32.48% and a net margin of 11.55%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Waste Management’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post 5.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 1st. Waste Management’s payout ratio is 48.33%.

Waste Management Profile

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers 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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