Winslow Evans & Crocker Inc. grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 55.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,158 shares of the business services provider’s stock after acquiring an additional 414 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Waste Management were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. Krane Funds Advisors LLC acquired a new stake in Waste Management in the second quarter valued at approximately $25,000. Financial Gravity Wealth Inc. increased its stake in Waste Management by 133.1% in the second quarter. Financial Gravity Wealth Inc. now owns 282 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 161 shares in the last quarter. Personal Wealth Partners bought a new stake in Waste Management in the second quarter valued at $35,000. Next Capital Management LLC increased its stake in Waste Management by 119.6% in the second quarter. Next Capital Management LLC now owns 325 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 177 shares in the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in Waste Management in the second quarter valued at $39,000. Hedge funds and other institutional investors own 73.24% of the company’s stock.
In other news, SVP Tara J. Hmmer sold 4,739 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $118.04, for a total value of $559,391.56. Following the sale, the senior vice president now owns 23,470 shares of the company’s stock, valued at $2,770,398.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Charles C. Boettcher sold 589 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $115.95, for a total transaction of $68,294.55. Following the completion of the sale, the senior vice president now directly owns 3,147 shares in the company, valued at approximately $364,894.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,347 shares of company stock worth $1,585,155. Insiders own 0.14% of the company’s stock.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.94 billion. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Equities analysts anticipate that Waste Management, Inc. will post 4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.512 dividend. This represents a $2.05 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, September 5th. Waste Management’s dividend payout ratio is 48.81%.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. CIBC restated a “market perform” rating on shares of Waste Management in a report on Thursday, July 18th. JPMorgan Chase & Co. started coverage on shares of Waste Management in a report on Wednesday, August 7th. They set a “neutral” rating and a $120.00 price target on the stock. Scotiabank started coverage on shares of Waste Management in a report on Monday, July 22nd. They set an “outperform” rating on the stock. Finally, Raymond James set a $127.00 price target on shares of Waste Management and gave the stock a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Waste Management presently has an average rating of “Buy” and a consensus target price of $116.82.
About Waste Management
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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