ETRADE Capital Management LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,496 shares of the business services provider’s stock after selling 1,036 shares during the period. ETRADE Capital Management LLC’s holdings in Waste Management were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. MHI Funds LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $184,000. Horan Capital Advisors LLC. acquired a new stake in shares of Waste Management during the third quarter worth approximately $186,000. Cerebellum GP LLC acquired a new position in Waste Management in the fourth quarter worth $186,000. Capital Guardian Trust Co. acquired a new position in Waste Management in the third quarter worth $193,000. Finally, FTB Advisors Inc. boosted its holdings in Waste Management by 44.2% in the fourth quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock worth $197,000 after purchasing an additional 700 shares during the period. 76.76% of the stock is currently owned by institutional investors.
In other Waste Management news, Director Patrick W. Gross sold 387 shares of Waste Management stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the transaction, the director now directly owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John J. Morris sold 18,254 shares of Waste Management stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $84.83, for a total value of $1,548,486.82. Following the completion of the transaction, the vice president now directly owns 56,338 shares of the company’s stock, valued at $4,779,152.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,291 shares of company stock valued at $9,154,833. 0.19% of the stock is owned by corporate insiders.
Shares of Waste Management, Inc. (NYSE WM) traded down $0.25 during mid-day trading on Wednesday, hitting $86.41. The stock had a trading volume of 2,236,653 shares, compared to its average volume of 2,441,811. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 1.45. Waste Management, Inc. has a 12 month low of $70.08 and a 12 month high of $89.73. The company has a market capitalization of $37,440.00, a PE ratio of 14.95, a PEG ratio of 1.96 and a beta of 0.70.
Waste Management (NYSE:WM) last released its earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. equities research analysts forecast that Waste Management, Inc. will post 4.04 earnings per share for the current year.
Waste Management declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.465 per share. The ex-dividend date is Thursday, March 8th. This is an increase from Waste Management’s previous quarterly dividend of $0.43. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.15%. Waste Management’s dividend payout ratio (DPR) is presently 32.18%.
Several brokerages have recently issued reports on WM. UBS Group began coverage on shares of Waste Management in a report on Wednesday. They set a “neutral” rating for the company. Macquarie upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Saturday, February 10th. Raymond James Financial raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Friday, February 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target on shares of Waste Management in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $90.13.
ILLEGAL ACTIVITY NOTICE: “Waste Management, Inc. (NYSE:WM) Stake Lessened by ETRADE Capital Management LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2018/03/14/etrade-capital-management-llc-sells-1036-shares-of-waste-management-inc-wm.html.
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.
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.