Bfsg LLC Has $3.68 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Bfsg LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,719 shares of the business services provider’s stock after selling 156 shares during the quarter. Bfsg LLC’s holdings in Waste Management were worth $3,678,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WM. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Waste Management by 7.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 65,567 shares of the business services provider’s stock worth $13,612,000 after acquiring an additional 4,703 shares during the period. Jamison Private Wealth Management Inc. increased its stake in Waste Management by 0.8% in the third quarter. Jamison Private Wealth Management Inc. now owns 66,855 shares of the business services provider’s stock valued at $13,879,000 after acquiring an additional 517 shares during the last quarter. Magnus Financial Group LLC raised its holdings in shares of Waste Management by 32.5% during the 3rd quarter. Magnus Financial Group LLC now owns 4,220 shares of the business services provider’s stock worth $876,000 after buying an additional 1,034 shares in the last quarter. First Pacific Financial boosted its stake in Waste Management by 7.2% in the third quarter. First Pacific Financial now owns 6,141 shares of the business services provider’s stock valued at $1,275,000 after buying an additional 414 shares in the last quarter. Finally, RDA Financial Network grew its position in Waste Management by 4.0% in the third quarter. RDA Financial Network now owns 5,759 shares of the business services provider’s stock valued at $1,196,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.3 %

NYSE WM opened at $213.13 on Thursday. Waste Management, Inc. has a one year low of $153.95 and a one year high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The business has a 50 day simple moving average of $207.98 and a 200 day simple moving average of $208.45. The stock has a market capitalization of $85.53 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.39 and a beta of 0.74.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS. Research analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s payout ratio is 47.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WM shares. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird cut their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

About Waste Management

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.