Waverton Investment Management Ltd Sells 500 Shares of Waste Management, Inc. (NYSE:WM)

Waverton Investment Management Ltd reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 16.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,600 shares of the business services provider’s stock after selling 500 shares during the quarter. Waverton Investment Management Ltd’s holdings in Waste Management were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Trium Capital LLP raised its position in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after purchasing an additional 5,367 shares during the period. Pinkerton Retirement Specialists LLC raised its position in shares of Waste Management by 18.6% in the first 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 during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Waste Management by 417.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after purchasing an additional 2,800 shares during the period. Finally, Swedbank AB raised its position in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Down 0.2 %

Waste Management stock opened at $223.60 on Tuesday. The firm has a market cap of $89.75 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.36 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $226.50. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a 50 day moving average price of $210.21 and a two-hundred day moving average price of $209.25.

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, topping the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is currently 45.87%.

Analyst Ratings Changes

Several equities analysts recently commented on WM shares. William Blair started coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley increased their price objective on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. CIBC increased their price objective on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $226.11.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.