Fisher Asset Management LLC lowered its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,424 shares of the business services provider’s stock after selling 1,177 shares during the quarter. Fisher Asset Management LLC’s holdings in Waste Management were worth $1,334,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Parnassus Investments LLC lifted its position in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after acquiring an additional 520,096 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock worth $969,401,000 after purchasing an additional 12,664 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Waste Management by 6.8% in the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock valued at $820,539,000 after purchasing an additional 243,900 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Waste Management by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider’s stock worth $473,047,000 after buying an additional 221,380 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.
Insider Activity
In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on WM
Waste Management Price Performance
Shares of NYSE WM opened at $228.22 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $230.39. The stock has a market cap of $91.60 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The stock has a fifty day moving average of $215.17 and a 200-day moving average of $210.69.
Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 7.32 earnings per share for the current year.
Waste Management Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is 45.87%.
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.
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