Traders Sell Shares of Waste Management, Inc. (WM) on Strength (WM)

Investors sold shares of Waste Management, Inc. (NYSE:WM) on strength during trading hours on Tuesday. $15.50 million flowed into the stock on the tick-up and $57.45 million flowed out of the stock on the tick-down, for a money net flow of $41.95 million out of the stock. Of all stocks tracked, Waste Management had the 0th highest net out-flow for the day. Waste Management traded up $0.15 for the day and closed at $76.84

A number of brokerages have recently commented on WM. Stifel Nicolaus downgraded shares of Waste Management from a “buy” rating to a “hold” rating and cut their target price for the company from $85.00 to $80.00 in a research note on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and issued a $82.00 target price on shares of Waste Management in a research note on Friday, September 8th. KeyCorp raised their target price on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Bank of America Corporation cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.74.

The firm’s 50 day moving average price is $77.49 and its 200-day moving average price is $74.65. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 26.35 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the previous year, the company earned $0.74 earnings per share. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, September 7th. Waste Management’s payout ratio is 58.42%.

Institutional investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Waste Management in the second quarter worth $101,000. Northwest Investment Counselors LLC acquired a new stake in shares of Waste Management in the second quarter worth $103,000. Bruderman Asset Management LLC acquired a new stake in shares of Waste Management in the second quarter worth $110,000. Guardian Life Insurance Co. of America lifted its stake in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares during the last quarter. Finally, FTB Advisors Inc. lifted its stake in shares of Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.

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A number of brokerages have recently commented on WM. Stifel Nicolaus downgraded shares of Waste Management from a “buy” rating to a “hold” rating and cut their target price for the company from $85.00 to $80.00 in a research note on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and issued a $82.00 target price on shares of Waste Management in a research note on Friday, September 8th. KeyCorp raised their target price on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Bank of America Corporation cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.74.

The firm’s 50 day moving average price is $77.49 and its 200-day moving average price is $74.65. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 26.35 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the previous year, the company earned $0.74 earnings per share. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, September 7th. Waste Management’s payout ratio is 58.42%.

Institutional investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Waste Management in the second quarter worth $101,000. Northwest Investment Counselors LLC acquired a new stake in shares of Waste Management in the second quarter worth $103,000. Bruderman Asset Management LLC acquired a new stake in shares of Waste Management in the second quarter worth $110,000. Guardian Life Insurance Co. of America lifted its stake in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares during the last quarter. Finally, FTB Advisors Inc. lifted its stake in shares of Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.88% 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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