Chicago Partners Investment Group LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,040 shares of the business services provider’s stock after selling 2,032 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Waste Management were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in WM. Park National Corp OH grew its stake in Waste Management by 1.1% during the 4th quarter. Park National Corp OH now owns 10,654 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 115 shares during the last quarter. Abner Herrman & Brock LLC grew its stake in Waste Management by 4.4% during the 4th quarter. Abner Herrman & Brock LLC now owns 2,788 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 118 shares during the last quarter. Windward Capital Management Co. CA grew its stake in Waste Management by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 25,359 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 563 shares during the last quarter. Exeter Financial LLC grew its stake in Waste Management by 3.5% during the 2nd quarter. Exeter Financial LLC now owns 16,994 shares of the business services provider’s stock valued at $1,382,000 after purchasing an additional 569 shares during the last quarter. Finally, Hall Laurie J Trustee grew its stake in Waste Management by 3.0% during the 3rd quarter. Hall Laurie J Trustee now owns 20,055 shares of the business services provider’s stock valued at $1,812,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.
Several analysts have weighed in on WM shares. Oppenheimer reiterated a “buy” rating and set a $95.00 price target on shares of Waste Management in a research note on Thursday, October 25th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Friday, October 19th. ValuEngine raised Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Raymond James reissued a “buy” rating on shares of Waste Management in a report on Monday, October 29th. Finally, Goldman Sachs Group raised Waste Management from a “sell” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $107.00 in a report on Tuesday, December 4th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $98.67.
Shares of WM stock opened at $93.65 on Friday. The stock has a market capitalization of $39.17 billion, a PE ratio of 29.08, a P/E/G ratio of 1.68 and a beta of 0.65. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a 52-week low of $78.39 and a 52-week high of $95.49.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. As a group, equities research analysts expect that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were issued a $0.465 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.86 annualized dividend and a dividend yield of 1.99%. Waste Management’s dividend payout ratio (DPR) is presently 57.76%.
Waste Management declared that its board has authorized a share repurchase program on Thursday, December 13th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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