Waste Management, Inc. (NYSE:WM) Shares Sold by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,458 shares of the business services provider’s stock after selling 155 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Waste Management were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Wellington Management Group LLP grew its stake in Waste Management by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock valued at $55,990,000 after purchasing an additional 48,549 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Waste Management in the 4th quarter valued at $4,804,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Waste Management in the fourth quarter worth $50,000. Duncan Williams Asset Management LLC purchased a new position in shares of Waste Management during the first quarter worth $432,000. Finally, GAMMA Investing LLC lifted its position in Waste Management by 29.1% during the first quarter. GAMMA Investing LLC now owns 4,046 shares of the business services provider’s stock valued at $863,000 after purchasing an additional 913 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WM. Scotiabank started coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. CIBC lowered their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. BMO Capital Markets cut their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Finally, 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 research note on Friday, July 26th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Trading Up 0.8 %

NYSE:WM traded up $1.71 during trading hours on Tuesday, hitting $215.21. The company had a trading volume of 338,520 shares, compared to its average volume of 1,632,947. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00. The company has a market cap of $86.32 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.36 and a beta of 0.74. The company has a 50-day moving average of $207.60 and a 200 day moving average of $208.42. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%. Waste Management’s payout ratio is currently 49.10%.

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.