Waste Management, Inc. (NYSE:WM) Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 21.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,483 shares of the business services provider’s stock after acquiring an additional 1,828 shares during the quarter. Lmcg Investments LLC’s holdings in Waste Management were worth $2,176,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Trium Capital LLP raised its stake in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after buying an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after buying an additional 5,367 shares in the last quarter. Pinkerton Retirement Specialists LLC raised its position in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after purchasing an additional 3,145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after purchasing an additional 2,800 shares during the period. Finally, Swedbank AB raised its position in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.9 %

Shares of WM traded down $1.86 during trading hours on Friday, hitting $213.99. 1,267,741 shares of the company were exchanged, compared to its average volume of 1,302,040. The company has a market cap of $85.89 billion, a PE ratio of 32.72, a PEG ratio of 2.30 and a beta of 0.74. The firm’s 50 day moving average is $209.34 and its 200-day moving average is $208.83. Waste Management, Inc. has a 52 week low of $162.34 and a 52 week high of $225.00. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.03 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.28 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday. CIBC boosted their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research report on Wednesday. Robert W. Baird cut their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets lifted their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, UBS Group lifted their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.05.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.