Waste Management, Inc. (NYSE:WM) Stock Holdings Trimmed by Vestor Capital LLC

Vestor Capital LLC reduced its position in Waste Management, Inc. (NYSE:WMGet Rating) by 1.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 38,775 shares of the business services provider’s stock after selling 573 shares during the period. Vestor Capital LLC’s holdings in Waste Management were worth $6,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. Qube Research & Technologies Ltd grew its holdings in shares of Waste Management by 2,268.5% during the fourth quarter. Qube Research & Technologies Ltd now owns 299,901 shares of the business services provider’s stock valued at $50,053,000 after purchasing an additional 287,239 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Waste Management by 17.2% during the fourth quarter. Centaurus Financial Inc. now owns 2,334 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 343 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Waste Management by 2.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 87,629 shares of the business services provider’s stock valued at $14,625,000 after purchasing an additional 2,475 shares during the last quarter. TFC Financial Management grew its holdings in shares of Waste Management by 22.0% during the fourth quarter. TFC Financial Management now owns 499 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 90 shares during the last quarter. Finally, Clarius Group LLC grew its holdings in shares of Waste Management by 3.1% during the fourth quarter. Clarius Group LLC now owns 3,037 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 91 shares during the last quarter. 80.37% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John C. Pope sold 219 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $152.19, for a total value of $33,329.61. Following the completion of the sale, the director now owns 55,439 shares in the company, valued at $8,437,261.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM traded down $0.30 on Friday, reaching $168.83. 1,468,903 shares of the company traded hands, compared to its average volume of 1,447,930. Waste Management, Inc. has a fifty-two week low of $138.58 and a fifty-two week high of $170.18. The company’s 50 day moving average is $154.06 and its 200-day moving average is $154.05. The stock has a market capitalization of $69.78 billion, a PE ratio of 32.97, a P/E/G ratio of 2.60 and a beta of 0.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WMGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.08. Waste Management had a return on equity of 30.69% and a net margin of 11.27%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Waste Management, Inc. will post 5.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.54%. Waste Management’s dividend payout ratio (DPR) is presently 50.78%.

Analysts Set New Price Targets

Several research firms have recently commented on WM. Deutsche Bank Aktiengesellschaft upped their target price on Waste Management from $157.00 to $167.00 in a report on Thursday, April 28th. Raymond James increased their price objective on Waste Management from $167.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. Bank of America raised Waste Management from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $155.00 to $165.00 in a report on Friday, May 13th. Oppenheimer set a $160.00 price objective on Waste Management in a report on Tuesday, July 19th. Finally, StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $164.86.

About Waste Management

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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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