J.W. Cole Advisors Inc. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 77.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,298 shares of the business services provider's stock after buying an additional 5,367 shares during the period. J.W. Cole Advisors Inc.'s holdings in Waste Management were worth $2,553,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trium Capital LLP grew its stake in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider's stock valued at $2,498,000 after purchasing an additional 3,029 shares during the last quarter. Pinkerton Retirement Specialists LLC raised its stake in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider's stock worth $4,284,000 after purchasing an additional 3,145 shares during the last quarter. Norden Group LLC purchased a new position in Waste Management in the 1st quarter valued at $7,146,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Waste Management by 417.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider's stock valued at $720,000 after buying an additional 2,800 shares during the period. Finally, Swedbank AB raised its position in Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after buying an additional 709,678 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.
Waste Management Stock Down 1.0 %
Shares of NYSE WM opened at $206.80 on Monday. The firm's 50-day moving average is $208.77 and its two-hundred day moving average is $208.56. The company has a market capitalization of $82.99 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $160.90 and a 12-month 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.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, September 13th. Waste Management's payout ratio is currently 47.69%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on WM. Robert W. Baird lowered their target price on shares of Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a "strong-buy" rating in a report on Friday, July 26th. Oppenheimer cut their target price on Waste Management from $229.00 to $224.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Royal Bank of Canada decreased their price target on Waste Management from $215.00 to $204.00 and set a "sector perform" rating on the stock in a research note on Friday, July 26th. Finally, CIBC cut their price objective on Waste Management from $223.00 to $213.00 and set a "neutral" rating for the company in a research report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $218.89.
Check Out Our Latest Research Report on Waste Management
Waste Management Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM - Free Report).
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