Waste Management, Inc. $WM Holdings Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in Waste Management, Inc. (NYSE:WM) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 148,156 shares of the business services provider’s stock after purchasing an additional 3,681 shares during the period. TD Waterhouse Canada Inc.’s holdings in Waste Management were worth $33,203,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bey Douglas LLC lifted its stake in Waste Management by 3.7% during the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of Waste Management by 1.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after acquiring an additional 45 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Waste Management by 10.2% during the first quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 45 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Waste Management by 0.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock valued at $1,395,000 after acquiring an additional 46 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its stake in Waste Management by 1.6% in the 1st quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WM shares. Oppenheimer cut their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Citigroup increased their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Scotiabank raised their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Stock Down 1.3%

WM stock opened at $218.90 on Friday. The company has a 50 day moving average of $228.48 and a two-hundred day moving average of $227.17. The company has a market cap of $87.50 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 2.80 and a beta of 0.42. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the company posted $1.92 EPS. Waste Management’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.945 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is 53.54%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.