Ferguson Wellman Capital Management Inc. Sells 805 Shares of Waste Management, Inc. (NYSE:WM)

Ferguson Wellman Capital Management Inc. lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.2% during the third quarter, Holdings Channel reports. The firm owned 14,804 shares of the business services provider’s stock after selling 805 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Waste Management were worth $3,073,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Waste Management by 7.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,087 shares of the business services provider’s stock worth $2,302,000 after purchasing an additional 733 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Waste Management by 2.1% in the third quarter. Metis Global Partners LLC now owns 12,815 shares of the business services provider’s stock worth $2,660,000 after purchasing an additional 261 shares during the period. Schulhoff & Co. Inc. lifted its position in shares of Waste Management by 1.4% during the 3rd quarter. Schulhoff & Co. Inc. now owns 9,731 shares of the business services provider’s stock worth $2,020,000 after purchasing an additional 130 shares during the last quarter. Curi RMB Capital LLC grew its holdings in Waste Management by 278.6% in the 3rd quarter. Curi RMB Capital LLC now owns 3,828 shares of the business services provider’s stock valued at $795,000 after buying an additional 2,817 shares during the last quarter. Finally, Planning Capital Management Corp increased its position in Waste Management by 52.2% in the 3rd quarter. Planning Capital Management Corp now owns 245 shares of the business services provider’s stock worth $51,000 after buying an additional 84 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. UBS Group raised their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Argus upped their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, CIBC lifted their price objective on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Trading Down 1.8 %

Shares of WM stock opened at $221.72 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $88.99 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The firm has a 50-day moving average price of $211.08 and a 200 day moving average price of $209.55.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 EPS. Research analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s payout ratio is 45.87%.

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.