Waste Management, Inc. $WM Shares Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 134.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,970 shares of the business services provider’s stock after buying an additional 4,000 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Waste Management were worth $1,539,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Loomis Sayles & Co. L P acquired a new position in shares of Waste Management in the 2nd quarter valued at $40,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Waste Management during the 3rd quarter worth about $41,000. Wealth Watch Advisors INC purchased a new position in shares of Waste Management in the 2nd quarter valued at about $43,000. Halbert Hargrove Global Advisors LLC raised its holdings in Waste Management by 47.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after purchasing an additional 78 shares during the period. Finally, Gladwyn Financial Advisors Inc. purchased a new position in Waste Management during the second quarter worth approximately $58,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $221.29 on Wednesday. The firm has a 50-day simple moving average of $216.51 and a 200-day simple moving average of $219.08. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $89.15 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 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, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is 51.97%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WM. DZ Bank began coverage on Waste Management in a research report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price objective for the company. Morgan Stanley cut their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Stifel Nicolaus decreased their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. CIBC cut their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Scotiabank reduced their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.41.

Insiders Place Their Bets

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.