Brown Advisory Inc. grew its holdings in Waste Management, Inc. (NYSE:WM) by 8.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,575 shares of the business services provider’s stock after buying an additional 2,814 shares during the period. Brown Advisory Inc.’s holdings in Waste Management were worth $2,942,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Intersect Capital LLC grew its holdings in shares of Waste Management by 33.1% in the second 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 during the period. Aviva PLC grew its holdings in shares of Waste Management by 1.0% in the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after purchasing an additional 2,710 shares during the period. AXA grew its holdings in shares of Waste Management by 15.0% in the second quarter. AXA now owns 450,490 shares of the business services provider’s stock valued at $33,044,000 after purchasing an additional 58,630 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Waste Management by 0.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,768,294 shares of the business services provider’s stock valued at $129,703,000 after purchasing an additional 11,668 shares during the period. Finally, Lincoln National Corp grew its holdings in shares of Waste Management by 0.5% in the second quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Shares of Waste Management, Inc. (NYSE:WM) traded up $0.18 during mid-day trading on Thursday, reaching $83.50. 1,431,800 shares of the company’s stock traded hands, compared to its average volume of 1,681,114. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $36,178.89, a price-to-earnings ratio of 26.70, a PEG ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a one year low of $68.97 and a one year high of $83.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 54.84%.
A number of equities research analysts recently issued reports on WM shares. BMO Capital Markets reissued a “buy” rating and issued a $82.00 price objective on shares of Waste Management in a report on Friday, September 8th. Stifel Nicolaus lowered shares of Waste Management from a “buy” rating to a “hold” rating and dropped their price objective for the company from $85.00 to $80.00 in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Bank of America dropped their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Finally, KeyCorp upped their price objective on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $81.81.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.
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About Waste Management
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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