UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 35,322 Shares of Waste Management, Inc. $WM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,121,427 shares of the business services provider’s stock after purchasing an additional 35,322 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Waste Management were worth $695,704,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Bey Douglas LLC boosted its stake in Waste Management by 3.7% during the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after acquiring an additional 45 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Waste Management by 10.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock worth $111,000 after acquiring an additional 45 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Waste Management by 0.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock valued at $1,395,000 after acquiring an additional 46 shares during the last quarter. Finally, Cornerstone Advisory LLC increased its position in Waste Management by 1.6% in the first quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after purchasing an additional 46 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

WM stock opened at $219.88 on Friday. The stock has a market cap of $87.89 billion, a PE ratio of 31.14, a P/E/G ratio of 2.77 and a beta of 0.44. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a 50-day moving average price of $228.60 and a 200 day moving average price of $227.62. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. Waste Management’s dividend payout ratio is 53.54%.

Analyst Ratings Changes

Several equities analysts have commented on WM shares. Oppenheimer lowered their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. UBS Group lifted their price target on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Scotiabank boosted their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Company Profile

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.