Schroder Investment Management Group Buys 29,965 Shares of Waste Management, Inc. $WM

Schroder Investment Management Group grew its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 9.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 334,378 shares of the business services provider’s stock after acquiring an additional 29,965 shares during the period. Schroder Investment Management Group’s holdings in Waste Management were worth $73,373,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SNS Financial Group LLC grew its holdings in Waste Management by 8.4% during the third quarter. SNS Financial Group LLC now owns 1,330 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 103 shares during the period. Rathbones Group PLC raised its stake in shares of Waste Management by 5.4% in the third quarter. Rathbones Group PLC now owns 411,118 shares of the business services provider’s stock valued at $90,787,000 after buying an additional 21,073 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Waste Management by 2.6% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,249 shares of the business services provider’s stock valued at $4,692,000 after buying an additional 532 shares during the period. Korea Investment CORP grew its stake in shares of Waste Management by 83.6% during the 3rd quarter. Korea Investment CORP now owns 359,995 shares of the business services provider’s stock worth $79,498,000 after acquiring an additional 163,907 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of Waste Management during the 3rd quarter worth $317,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WM. Stifel Nicolaus boosted their price objective on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Citigroup reduced their target price on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Wells Fargo & Company boosted their price target on shares of Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Royal Bank Of Canada raised their price objective on shares of Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, Oppenheimer lifted their price objective on shares of Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

View Our Latest Report on WM

Waste Management Trading Down 4.6%

Shares of Waste Management stock opened at $235.21 on Wednesday. The company’s 50-day moving average price is $228.70 and its 200-day moving average price is $220.05. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market cap of $94.87 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.60 and a beta of 0.57.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the prior year, the firm posted $1.70 EPS. Waste Management’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.945 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 49.25%.

Insider Buying and Selling

In related news, SVP Tara J. Hemmer sold 4,818 shares of Waste Management stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the completion of the sale, the senior vice president owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 121 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $245.27, for a total value of $29,677.67. Following the transaction, the senior vice president owned 9,293 shares of the company’s stock, valued at approximately $2,279,294.11. The trade was a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,042 shares of company stock valued at $23,039,777 in the last ninety days. 0.18% of the stock is owned by insiders.

Waste Management Profile

(Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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

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