Roanoke Asset Management Corp NY Sells 50 Shares of Waste Management, Inc. (NYSE:WM)

Roanoke Asset Management Corp NY trimmed its position in shares of Waste Management, Inc. (NYSE:WM) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,710 shares of the business services provider’s stock after selling 50 shares during the period. Roanoke Asset Management Corp NY’s holdings in Waste Management were worth $1,808,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WM. International Assets Investment Management LLC lifted its holdings in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after buying an additional 2,588,842 shares during the period. Sustainable Growth Advisers LP bought a new position in shares of Waste Management during the first quarter valued at approximately $300,594,000. Capital World Investors lifted its stake in Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after acquiring an additional 1,303,466 shares during the period. Swedbank AB purchased a new position in Waste Management during the 1st quarter valued at $193,955,000. Finally, Wulff Hansen & CO. raised its holdings in Waste Management by 20,402.6% in the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after purchasing an additional 863,846 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.9 %

Shares of WM stock opened at $213.99 on Friday. The company has a current ratio of 0.89, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The firm’s 50 day moving average is $209.34 and its 200 day moving average is $208.83. The stock has a market capitalization of $85.89 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $162.34 and a 12-month high of $225.00.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Research analysts expect that Waste Management, Inc. will post 7.28 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. William Blair assumed coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. BMO Capital Markets increased their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, UBS Group boosted their target price on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.05.

About Waste Management

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.