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. $14.40 million flowed into the stock on the tick-up and $42.78 million flowed out of the stock on the tick-down, for a money net flow of $28.38 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 $0.24 for the day and closed at $82.38

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $82.00 price target on shares of Waste Management in a research report on Friday, September 8th. Bank of America Corporation cut their price target on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, KeyCorp boosted their price target on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research 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 company. The company presently has a consensus rating of “Buy” and a consensus target price of $81.81.

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. The company has a market capitalization of $35,310.46, a price-to-earnings ratio of 26.06, a PEG ratio of 2.64 and a beta of 0.76.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a net margin of 10.44% and a return on equity of 28.77%. Waste Management’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. research analysts expect that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.06%. Waste Management’s payout ratio is 54.84%.

Hedge funds have recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Waste Management in the 2nd quarter valued at about $101,000. Northwest Investment Counselors LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at about $103,000. Bruderman Asset Management LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at about $110,000. FTB Advisors Inc. grew its stake in Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after buying an additional 65 shares during the last quarter. Finally, First Interstate Bank grew its stake in Waste Management by 2.4% in the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after buying an additional 38 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

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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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