Signet Investment Advisory Group Inc. Purchases 595 Shares of Waste Management, Inc. (NYSE:WM)

Signet Investment Advisory Group Inc. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 3.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,710 shares of the business services provider’s stock after acquiring an additional 595 shares during the quarter. Waste Management accounts for 2.1% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 18th largest holding. Signet Investment Advisory Group Inc.’s holdings in Waste Management were worth $2,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Dimensional Fund Advisors LP increased its position in shares of Waste Management by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,502,675 shares of the business services provider’s stock worth $133,715,000 after purchasing an additional 36,135 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Waste Management by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock worth $462,699,000 after purchasing an additional 326,408 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Waste Management by 15.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,465 shares of the business services provider’s stock worth $152,000 after purchasing an additional 200 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Waste Management during the 1st quarter worth about $3,013,000. Finally, Investec Asset Management LTD acquired a new stake in shares of Waste Management during the 1st quarter worth about $6,058,000. 73.87% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on WM. CIBC reiterated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Raymond James set a $127.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer restated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Stifel Nicolaus raised their price objective on shares of Waste Management from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Scotiabank began coverage on shares of Waste Management in a research report on Monday, July 22nd. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $113.91.

WM traded down $1.05 during midday trading on Friday, hitting $117.02. The company had a trading volume of 448,349 shares, compared to its average volume of 1,895,643. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.66 and a current ratio of 1.70. The company has a market capitalization of $50.11 billion, a PE ratio of 27.86, a P/E/G ratio of 3.19 and a beta of 0.62. Waste Management, Inc. has a twelve month low of $83.22 and a twelve month high of $120.58. The firm’s 50-day simple moving average is $117.60 and its 200-day simple moving average is $108.52.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 4.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.512 dividend. This represents a $2.05 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 5th. Waste Management’s payout ratio is presently 48.81%.

In other news, CEO James C. Fish, Jr. sold 84,314 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $116.51, for a total value of $9,823,424.14. Following the transaction, the chief executive officer now owns 282,921 shares of the company’s stock, valued at approximately $32,963,125.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick W. Gross sold 289 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total transaction of $34,278.29. Following the completion of the transaction, the director now directly owns 53,378 shares in the company, valued at approximately $6,331,164.58. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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