BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Waste Management, Inc. (NYSE:WM) by 1.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 241,816 shares of the business services provider’s stock after selling 3,780 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Waste Management worth $18,927,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Intersect Capital LLC lifted its holdings in Waste Management by 33.1% in the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 6,009 shares in the last quarter. Aviva PLC raised its holdings in shares of Waste Management by 1.0% during the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after acquiring an additional 2,710 shares during the period. AXA raised its holdings in shares of Waste Management by 15.0% during the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after acquiring an additional 58,630 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Waste Management by 0.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,768,294 shares of the business services provider’s stock worth $129,703,000 after acquiring an additional 11,668 shares during the period. Finally, Lincoln National Corp raised its holdings in shares of Waste Management by 0.5% during the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after acquiring an additional 21 shares during the period. Institutional investors own 75.14% of the company’s stock.
Shares of Waste Management, Inc. (WM) traded up $0.41 during trading hours on Friday, hitting $83.91. The company had a trading volume of 1,171,100 shares, compared to its average volume of 1,678,953. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The firm has a market cap of $36,440.00, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 1 year low of $69.00 and a 1 year high of $83.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, November 30th. Waste Management’s payout ratio is 54.66%.
WM has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $82.00 price target on shares of Waste Management in a report on Friday, September 8th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $80.00 in a report on Wednesday, October 4th. Zacks Investment Research lowered Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Bank of America reduced their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Finally, KeyCorp lifted their price target on Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Waste Management has an average rating of “Buy” and a consensus target price of $81.81.
In related news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.
Waste Management Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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