Waste Management, Inc. $WM Stock Bought by Bahl & Gaynor LLC

Bahl & Gaynor LLC increased its position in Waste Management, Inc. (NYSE:WM) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 647,855 shares of the business services provider’s stock after buying an additional 26,859 shares during the quarter. Bahl & Gaynor LLC’s holdings in Waste Management were worth $132,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Waste Management by 1.8% during the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after acquiring an additional 535,079 shares during the last quarter. State Street Corp lifted its holdings in shares of Waste Management by 2.9% in the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after acquiring an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Waste Management by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock valued at $695,704,000 after purchasing an additional 35,322 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Waste Management by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after purchasing an additional 26,847 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Waste Management by 8.2% during the 2nd quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock valued at $492,002,000 after purchasing an additional 166,458 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup reduced their price objective on Waste Management from $269.00 to $259.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Jefferies Financial Group restated a “buy” rating and issued a $267.00 price objective (up from $263.00) on shares of Waste Management in a report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on Waste Management from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their price target on shares of Waste Management from $250.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $263.00 target price (down from $264.00) on shares of Waste Management in a report on Thursday, October 29th. Eighteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.04.

Insiders Place Their Bets

In other Waste Management news, SVP Johnson Varkey sold 500 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $242.00, for a total transaction of $121,000.00. Following the completion of the sale, the senior vice president owned 8,713 shares of the company’s stock, valued at approximately $2,108,546. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John A. Carroll sold 1,365 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is currently owned by company insiders.

Waste Management Stock Up 0.3%

Shares of WM stock opened at $237.28 on Wednesday. Waste Management, Inc. has a 12 month low of $200.57 and a 12 month high of $248.13. The stock has a market cap of $94.35 billion, a P/E ratio of 29.91, a P/E/G ratio of 3.07 and a beta of 0.38. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21. The company has a 50 day simple moving average of $220.09 and a two-hundred day simple moving average of $225.68.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.03). The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.81 billion. Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.98 earnings per share. On average, research analysts expect that Waste Management, Inc. will post 8.05 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.9450 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is currently 49.61%.

Waste Management Company Profile

Waste Management, Inc., doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure. WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.