Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,790 shares of the business services provider’s stock after buying an additional 9,908 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Waste Management were worth $14,439,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in WM. Point72 Hong Kong Ltd raised its holdings in shares of Waste Management by 1,095.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,194 shares in the last quarter. Braun Bostich & Associates Inc. grew its position in shares of Waste Management by 546.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock worth $118,000 after buying an additional 1,223 shares during the last quarter. Vigilant Capital Management LLC grew its position in shares of Waste Management by 200.0% in the 3rd quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock worth $136,000 after buying an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Waste Management by 113.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,518 shares of the business services provider’s stock worth $137,000 after buying an additional 808 shares during the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Waste Management in the 3rd quarter worth approximately $158,000. Institutional investors own 75.00% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research reaffirmed a “hold” rating and issued a $103.00 price objective on shares of Waste Management in a research report on Saturday, November 17th. ValuEngine raised shares of Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. BMO Capital Markets lifted their price objective on shares of Waste Management to $98.00 and gave the stock an “overweight” rating in a research report on Monday, October 8th. They noted that the move was a valuation call. Raymond James reaffirmed a “buy” rating on shares of Waste Management in a research report on Monday, October 29th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $96.83.
Shares of Waste Management stock opened at $90.84 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a 52-week low of $78.39 and a 52-week high of $93.29. The company has a market capitalization of $38.73 billion, a PE ratio of 28.21, a PEG ratio of 1.78 and a beta of 0.64.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. On average, equities research analysts expect that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 29th. Waste Management’s dividend payout ratio is presently 57.76%.
Waste Management Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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.
Recommended Story: Depreciation
Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.