Pathway Financial Advisers LLC Sells 743 Shares of Waste Management, Inc. (NYSE:WM)

Pathway Financial Advisers LLC reduced its stake in Waste Management, Inc. (NYSE:WM) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,498 shares of the business services provider’s stock after selling 743 shares during the period. Pathway Financial Advisers LLC’s holdings in Waste Management were worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Waste Management by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock worth $969,401,000 after purchasing an additional 12,664 shares in the last quarter. Capital World Investors grew its stake in Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after buying an additional 1,303,466 shares in the last quarter. Legal & General Group Plc raised its position in shares of Waste Management by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock valued at $820,539,000 after buying an additional 243,900 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Waste Management by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider’s stock worth $473,047,000 after acquiring an additional 221,380 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. William Blair assumed coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Robert W. Baird reduced their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Oppenheimer lowered 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 shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Stock Down 1.0 %

Shares of WM traded down $2.11 during trading hours on Friday, reaching $206.80. The stock had a trading volume of 1,069,935 shares, compared to its average volume of 1,611,266. The company has a market capitalization of $82.99 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.34 and a beta of 0.74. The firm has a 50-day simple moving average of $208.77 and a 200 day simple moving average of $208.54. 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, Inc. has a 12 month low of $160.90 and a 12 month high of $225.00.

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

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

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.