Waste Management, Inc. $WM Stock Bought by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 94.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,939 shares of the business services provider’s stock after buying an additional 22,269 shares during the period. Money Concepts Capital Corp’s holdings in Waste Management were worth $9,368,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its position in Waste Management by 1.8% during 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 acquiring an additional 535,079 shares during the period. State Street Corp increased its stake in Waste Management by 2.9% during the second 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 raised 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 worth $695,704,000 after purchasing an additional 35,322 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Waste Management by 1.2% in the 1st 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 period. Finally, Deutsche Bank AG lifted its stake in shares of Waste Management by 8.2% in the 2nd quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock valued at $492,002,000 after purchasing an additional 166,458 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on WM shares. The Goldman Sachs Group decreased their target price on Waste Management from $275.00 to $241.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Sanford C. Bernstein raised their price target on shares of Waste Management from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Citigroup reduced their price target on shares of Waste Management from $269.00 to $259.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Robert W. Baird lifted their price target on shares of Waste Management from $265.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $263.00 price objective (down from $264.00) on shares of Waste Management in a research note on Thursday, October 29th. Eighteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $257.04.

Insider Buying and Selling at Waste Management

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

Waste Management Price Performance

WM stock opened at $244.00 on Friday. The firm has a market cap of $97.03 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 3.12 and a beta of 0.38. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.78 and a current ratio of 0.82. Waste Management, Inc. has a 1 year low of $200.57 and a 1 year high of $248.13. The stock has a 50-day simple moving average of $221.00 and a 200-day simple moving average of $225.81.

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

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is 49.61%.

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.