Waste Management, Inc. $WM Stock Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,697 shares of the business services provider’s stock after selling 2,807 shares during the quarter. SVB Wealth LLC’s holdings in Waste Management were worth $2,589,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Waste Management by 1.8% in the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after purchasing an additional 535,079 shares during the period. State Street Corp lifted its position in Waste Management by 2.9% during the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $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 lifted its position in Waste Management by 1.1% during 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 worth $695,704,000 after acquiring an additional 35,322 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $533,340,000 after acquiring an additional 26,847 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Waste Management by 8.2% during the second quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock valued at $492,002,000 after acquiring an additional 166,458 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 1.5%

WM opened at $244.00 on Friday. The company has a market capitalization of $97.03 billion, a P/E ratio of 32.02, a P/E/G ratio of 3.12 and a beta of 0.38. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.82 and a quick ratio of 0.78. The firm’s fifty day moving average price is $221.00 and its two-hundred day moving average price is $225.81. Waste Management, Inc. has a fifty-two week low of $200.57 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.98 EPS. On average, analysts anticipate that Waste Management, Inc. will post 8.05 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.9450 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is presently 49.61%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WM shares. Wolfe Research initiated coverage on Waste Management in a report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Stifel Nicolaus increased their target price on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Waste Management from $244.00 to $247.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 29th. BNP Paribas Exane lowered their price target on Waste Management from $248.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Finally, Canadian Imperial Bank of Commerce cut their price target on Waste Management from $250.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Eighteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.04.

Insider Transactions at Waste Management

In other Waste Management news, CAO John A. Carroll sold 1,365 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the transaction, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This trade represents a 28.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Johnson Varkey sold 500 shares of Waste Management stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $242.00, for a total value of $121,000.00. Following the sale, the senior vice president directly owned 8,713 shares in the company, valued at $2,108,546. The trade was a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.18% of the company’s stock.

About Waste Management

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.