Hemenway Trust Co LLC Has $10.80 Million Stake in Waste Management, Inc. (NYSE:WM)

Hemenway Trust Co LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,026 shares of the business services provider’s stock after selling 880 shares during the quarter. Hemenway Trust Co LLC’s holdings in Waste Management were worth $10,801,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Trium Capital LLP increased its holdings 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 purchasing an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in 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 buying an additional 5,367 shares during the last quarter. Pinkerton Retirement Specialists LLC lifted its position in shares of Waste Management by 18.6% in 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Waste Management by 417.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after buying an additional 2,800 shares during the last quarter. Finally, Swedbank AB boosted its position in Waste Management by 67.2% during 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 last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on 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 directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WM shares. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird decreased their price objective 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. BMO Capital Markets upped their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Waste Management Price Performance

NYSE:WM traded up $1.37 during trading hours on Tuesday, hitting $224.99. 60,255 shares of the stock traded hands, compared to its average volume of 1,611,883. The company has a market cap of $90.30 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a 50 day moving average price of $210.44 and a 200 day moving average price of $209.33. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.50.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for 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 business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. Waste Management’s payout ratio is 45.87%.

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.