Waste Management, Inc. $WM Stock: Vise Technologies Inc. Decreases Holdings

Vise Technologies Inc. lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 8.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,426 shares of the business services provider’s stock after selling 2,381 shares during the quarter. Vise Technologies Inc.’s holdings in Waste Management were worth $5,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in shares of Waste Management during the second quarter worth $322,479,000. Danske Bank A S acquired a new stake in shares of Waste Management in the 2nd quarter worth approximately $146,053,000. BlackRock Inc. grew its holdings in 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 last quarter. State Street Corp grew its stake in 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. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Waste Management by 90.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 806,172 shares of the business services provider’s stock worth $185,250,000 after purchasing an additional 382,079 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 recently commented on WM shares. Morgan Stanley dropped their price objective on Waste Management from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. UBS Group upped their price objective on Waste Management from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus raised their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup boosted their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, TD Cowen restated a “buy” rating on shares of Waste Management in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.89.

Waste Management Price Performance

Shares of NYSE WM opened at $237.68 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The business has a 50 day simple moving average of $218.13 and a 200-day simple moving average of $225.24. The company has a market capitalization of $94.51 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42.

Waste Management (NYSE:WM) last posted its quarterly earnings results 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 the consensus estimate of $6.81 billion. Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 earnings per share. As a group, equities research analysts expect that Waste Management, Inc. will post 8.06 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.9450 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is currently 49.61%.

Insiders Place Their Bets

In other Waste Management news, CAO John Carroll sold 1,365 shares of the business’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 directly owned 3,509 shares of the company’s stock, valued at $771,629.10. The trade was a 28.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.