Waste Management, Inc. (NYSE:WM) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in Waste Management, Inc. (NYSE:WM) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,192 shares of the business services provider’s stock after selling 1,398 shares during the period. Gulf International Bank UK Ltd’s holdings in Waste Management were worth $6,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC lifted its stake in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. Fairscale Capital LLC purchased a new stake in shares of Waste Management in the second quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Waste Management by 67.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.1 %

WM opened at $214.24 on Tuesday. The stock has a market capitalization of $85.99 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. 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 one year low of $167.78 and a one year high of $225.00. The business’s 50-day simple moving average is $209.44 and its 200-day simple moving average is $208.94.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 45.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WM. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird decreased their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Oppenheimer raised their target price on Waste Management from $224.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $226.05.

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.