Waste Management, Inc. (NYSE:WM) Shares Sold by Compagnie Lombard Odier SCmA

by · The Markets Daily

Compagnie Lombard Odier SCmA lowered its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 1.4% in the third quarter, HoldingsChannel.com reports. The fund owned 260,726 shares of the business services provider’s stock after selling 3,756 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Waste Management were worth $54,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in shares of Waste Management by 18.4% during the fourth quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock worth $55,990,000 after buying an additional 48,549 shares in the last quarter. Pinkerton Retirement Specialists LLC grew its holdings in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after buying an additional 3,145 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Waste Management by 8.8% during the first quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock worth $161,000 after buying an additional 61 shares in the last quarter. Trium Capital LLP grew its holdings in shares of Waste Management by 33.6% during the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after buying an additional 3,029 shares in the last quarter. Finally, Alaska Permanent Fund Corp grew its holdings in shares of Waste Management by 240.6% during the first quarter. Alaska Permanent Fund Corp now owns 24,383 shares of the business services provider’s stock worth $5,197,000 after buying an additional 17,225 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WM shares. William Blair started coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada lowered their target price on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. CIBC lowered their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Finally, Scotiabank started coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $218.89.

Get Our Latest Stock Report on WM

Waste Management Stock Up 0.3 %

Shares of NYSE WM traded up $0.57 during trading on Friday, reaching $211.81. 956,431 shares of the stock were exchanged, compared to its average volume of 1,360,347. The business’s 50-day moving average price is $207.37 and its 200 day moving average price is $208.45. Waste Management, Inc. has a twelve month low of $153.95 and a twelve month high of $225.00. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $85.00 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. As a group, equities analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s payout ratio is 47.69%.

Insider Buying and Selling at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

See Also

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