Hollencrest Capital Management Grows Stock Position in Waste Management, Inc. (NYSE:WM)

Hollencrest Capital Management boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 50.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467 shares of the business services provider’s stock after acquiring an additional 157 shares during the quarter. Hollencrest Capital Management’s holdings in Waste Management were worth $97,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Trium Capital LLP lifted its position in Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares during the period. Pinkerton Retirement Specialists LLC boosted its position in shares of Waste Management by 18.6% during the 1st 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 period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings 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 purchasing an additional 2,800 shares during the last quarter. Finally, Swedbank AB raised its position in Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $224.08 on Friday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.36. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market cap of $89.94 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.31 and a beta of 0.74. The stock’s 50-day moving average is $210.21 and its two-hundred day moving average is $209.26.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.75 dividend. 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 1.34%. Waste Management’s dividend payout ratio is presently 45.87%.

Analyst Ratings Changes

WM has been the subject of a number of research reports. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their target price on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday. Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $226.11.

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.