Mcdaniel Terry & Co. maintained its stake in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the business services provider’s stock at the close of the 2nd quarter. Mcdaniel Terry & Co.’s holdings in Waste Management were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Shine Investment Advisory Services Inc. bought a new stake in Waste Management in the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC bought a new stake in Waste Management in the 2nd quarter valued at $103,000. Guardian Life Insurance Co. of America increased its holdings in Waste Management by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 14 shares during the last quarter. First Interstate Bank increased its holdings in Waste Management by 2.4% in the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 38 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Waste Management by 25.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 340 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.
WM has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, May 16th. Stifel Nicolaus lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $82.00 price target on shares of Waste Management in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $76.19.
Shares of Waste Management, Inc. (NYSE:WM) opened at 78.30 on Wednesday. The company has a market capitalization of $34.45 billion, a P/E ratio of 26.82 and a beta of 0.71. The stock has a 50 day moving average of $75.78 and a 200-day moving average of $73.72. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $78.39.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is 58.42%.
In other news, Director John C. Pope sold 453 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the sale, the director now directly owns 51,470 shares in the company, valued at $3,828,338.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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