Los Angeles Capital Management & Equity Research Inc. Increases Holdings in Waste Management, Inc. (WM)

Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 914,490 shares of the business services provider’s stock after buying an additional 30,205 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.21% of Waste Management worth $71,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Waste Management by 5.0% in the second quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock worth $2,521,397,000 after purchasing an additional 1,621,347 shares in the last quarter. BlackRock Inc. increased its stake in shares of Waste Management by 4.9% in the second quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock worth $2,320,637,000 after purchasing an additional 1,475,583 shares in the last quarter. State Street Corp increased its stake in shares of Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock worth $1,552,295,000 after purchasing an additional 134,152 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock worth $409,399,000 after purchasing an additional 518,270 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Waste Management by 7,400.8% in the second quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after purchasing an additional 4,260,260 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

WM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of Waste Management in a research report on Friday, October 13th. KeyCorp restated a “buy” rating and set a $88.00 target price on shares of Waste Management in a research report on Friday, October 27th. Bank of America Corporation dropped their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Finally, Stifel Nicolaus upped their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $81.81.

Waste Management, Inc. (NYSE WM) traded down $0.08 during mid-day trading on Monday, reaching $81.32. 1,815,500 shares of the company’s stock traded hands, compared to its average volume of 1,670,080. Waste Management, Inc. has a fifty-two week low of $66.40 and a fifty-two week high of $82.87. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $35,510.00, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.64 and a beta of 0.76.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business earned $0.84 earnings per share. Waste Management’s quarterly revenue was up 4.7% compared to the same quarter last year. research analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 annualized dividend and a yield of 2.09%. Waste Management’s dividend payout ratio (DPR) is currently 54.66%.

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Waste Management Company Profile

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

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