Capital Advisors Inc. OK Buys 6,440 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Inc. OK boosted its stake in Waste Management, Inc. (NYSE:WMGet Rating) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,052 shares of the business services provider’s stock after purchasing an additional 6,440 shares during the period. Capital Advisors Inc. OK owned about 0.05% of Waste Management worth $34,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Waste Management by 1.4% in the 4th quarter. BlackRock Inc. now owns 29,941,759 shares of the business services provider’s stock valued at $4,997,279,000 after buying an additional 407,039 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Waste Management by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,612,143 shares of the business services provider’s stock valued at $1,100,331,000 after acquiring an additional 143,649 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Waste Management by 4.2% during the first quarter. Nordea Investment Management AB now owns 5,533,636 shares of the business services provider’s stock worth $889,809,000 after purchasing an additional 221,439 shares during the period. Norges Bank bought a new stake in shares of Waste Management in the fourth quarter worth $687,551,000. Finally, Alliancebernstein L.P. increased its holdings in Waste Management by 5.4% in the fourth quarter. Alliancebernstein L.P. now owns 3,031,198 shares of the business services provider’s stock valued at $505,907,000 after purchasing an additional 155,201 shares during the period. Institutional investors own 80.37% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director John C. Pope sold 219 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total transaction of $33,329.61. Following the transaction, the director now owns 55,439 shares in the company, valued at $8,437,261.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 2.9 %

NYSE WM traded up $4.67 on Thursday, hitting $163.97. 26,656 shares of the company were exchanged, compared to its average volume of 1,875,657. Waste Management, Inc. has a 12 month low of $138.58 and a 12 month high of $170.18. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.83. The company has a market cap of $68.08 billion, a PE ratio of 36.22, a PEG ratio of 2.59 and a beta of 0.78. The stock has a fifty day moving average of $152.78 and a 200-day moving average of $153.66.

Waste Management (NYSE:WMGet Rating) last issued its earnings results on Wednesday, July 27th. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.36 by $0.08. Waste Management had a return on equity of 29.67% and a net margin of 10.32%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period last year, the business posted $1.27 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 5.55 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, June 2nd. Waste Management’s payout ratio is 57.27%.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Waste Management from $164.00 to $169.00 and gave the company a “maintains” rating in a research report on Thursday. Oppenheimer set a $160.00 target price on shares of Waste Management in a research report on Tuesday, July 19th. Morgan Stanley restated a “maintains” rating on shares of Waste Management in a research report on Thursday. Raymond James reiterated a “maintains” rating on shares of Waste Management in a research report on Thursday. Finally, StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waste Management currently has an average rating of “Hold” and an average target price of $164.14.

Waste Management Profile

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers 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.

See Also

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

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