Burns J W & Co. Inc. NY Sells 956 Shares of Waste Management, Inc. (NYSE:WM)

Burns J W & Co. Inc. NY lessened its stake in Waste Management, Inc. (NYSE:WM) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,928 shares of the business services provider’s stock after selling 956 shares during the period. Waste Management comprises about 1.2% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 25th biggest position. Burns J W & Co. Inc. NY’s holdings in Waste Management were worth $9,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Waste Management by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock valued at $55,990,000 after purchasing an additional 48,549 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its position in shares of Waste Management by 18.6% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after purchasing an additional 3,145 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Waste Management by 8.8% during the 1st quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 61 shares in the last quarter. Logan Capital Management Inc. boosted its position in shares of Waste Management by 39.0% during the 4th quarter. Logan Capital Management Inc. now owns 4,258 shares of the business services provider’s stock valued at $763,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Alaska Permanent Fund Corp boosted its position in shares of Waste Management by 240.6% during the 1st quarter. Alaska Permanent Fund Corp now owns 24,383 shares of the business services provider’s stock valued at $5,197,000 after purchasing an additional 17,225 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM traded down $1.00 during trading hours on Friday, reaching $208.09. 985,160 shares of the company were exchanged, compared to its average volume of 1,652,823. Waste Management, Inc. has a 1 year low of $152.90 and a 1 year high of $225.00. The business’s 50 day simple moving average is $206.74 and its 200-day simple moving average is $208.55. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $83.51 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.32 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share. On average, equities research analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. Waste Management’s dividend payout ratio is presently 49.10%.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WM shares. Scotiabank started coverage on Waste Management in a research report on Friday. They set a “sector perform” rating and a $220.00 target price on the stock. CIBC dropped their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Oppenheimer dropped their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Robert W. Baird dropped their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.89.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.