2,431 Waste Management, Inc. $WM Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,559 shares of the business services provider’s stock after selling 2,431 shares during the period. Nisa Investment Advisors LLC’s holdings in Waste Management were worth $16,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Waste Management by 1.8% during the 2nd quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock worth $6,849,981,000 after buying an additional 535,079 shares during the last quarter. State Street Corp increased its holdings in shares of Waste Management by 2.9% in the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock valued at $4,013,831,000 after acquiring an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Waste Management by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock valued at $695,704,000 after acquiring an additional 35,322 shares during the last quarter. Swedbank AB raised its position in shares of Waste Management by 17.0% during the 1st quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock worth $549,857,000 after acquiring an additional 348,183 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Waste Management by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock worth $533,340,000 after purchasing an additional 26,847 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: WM rose 2.35% to $231.73 in the latest session, outperforming the broader market that day and signaling continued investor support for the defensive waste-services business. Waste Management Beats Stock Market Upswing
• Positive Sentiment: A bullish investment thesis argues that Waste Management can benefit from the essential nature of trash collection, pricing power and long-term demand for environmental services, supporting the stock’s defensive appeal. Waste Management: Turn America’s Trash Into Your Treasure
• Neutral Sentiment: WM is scheduled to report quarterly results next week. Wall Street expects earnings growth, making the upcoming report and management’s guidance the primary near-term catalysts for the stock. Waste Management Expected to Release Earnings
• Neutral Sentiment: Despite strong recent performance relative to its prior close, the shares have traded near $225 since April and have lagged the S&P 500’s advance, suggesting limited momentum beyond the latest market-driven gain. Waste Management Buy, Sell, or Hold Post Q2 Earnings
• Negative Sentiment: Zacks reports that WM lacks the combination of factors typically associated with a likely earnings beat in next week’s report. That raises the risk of a disappointing result or cautious outlook, particularly given the stock’s elevated valuation. Waste Management Reports Next Week
• Negative Sentiment: A reported pre-market indication of EUR 206.55 points to weaker trading in that market, although the currency and market differences make it an imperfect comparison with WM’s U.S. listing. Waste Management Stock Pre-Market

Insider Buying and Selling at Waste Management

In other news, CAO John Carroll sold 1,365 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on WM shares. Barclays increased their price target on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Canadian Imperial Bank of Commerce lowered their target price on shares of Waste Management from $250.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Citigroup upped their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.06.

Waste Management Stock Down 0.9%

WM opened at $229.63 on Thursday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market capitalization of $91.79 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.96 and a beta of 0.42. The business’s 50-day simple moving average is $216.30 and its 200-day simple moving average is $222.19.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. Analysts anticipate that Waste Management, Inc. will post 8.09 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.9450 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is currently 53.54%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.