2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd lowered its stake in Waste Management, Inc. ( NYSE:WM – Free Report ) by 19.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 17,365 shares of the business services provider’s stock after selling 4,248 shares during the quarter. Waste Management comprises approximately 1.7% of Brown Shipley& Co Ltd’s holdings, making the stock its 20th largest holding.
Brown Shipley& Co Ltd’s holdings in Waste Management were worth $3,705,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc.
increased its stake in Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc.
now owns 4,523,324 shares of the business services provider’s stock valued at $969,401,000 after purchasing an additional 12,664 shares in the last quarter. Capital World Investors grew its holdings in shares of Waste Management by 44.6% in the 1st quarter.
Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after buying an additional 1,303,466 shares during the period. Legal & General Group Plc increased its position in shares of Waste Management by 6.8% in the 2nd quarter.
Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock valued at $820,539,000 after buying an additional 243,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Waste Management by 11.1% during the 2nd quarter.
Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider’s stock worth $473,047,000 after buying an additional 221,380 shares during the period. Finally, AMF Tjanstepension AB lifted its holdings in Waste Management by 85.6% during the second quarter.
AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after acquiring an additional 720,358 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.
Insider Activity In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’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 transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at approximately $9,711,680.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Insiders own 0.18% of the company’s stock.
Waste Management Trading Up 0.1 % Waste Management ( NYSE:WM – Get Free Report ) last released 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 analysts’ expectations 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 period in the prior year, the company earned $1.51 EPS.
Equities analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.
Waste Management Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend.
The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.
46%. Waste Management’s dividend payout ratio is presently 49.10%.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the company. 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 report on Friday, July 26th. Royal Bank of Canada reduced their price target on shares of Waste Management from $215.00 to $204.
00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Robert W. Baird cut their price objective on shares of Waste Management from $226.
00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. StockNews.
com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. Eleven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $215.83.
View Our Latest Analysis on WM Waste Management Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Waste Management What does consumer price index measure? 3 Bargain Stocks Under $20 With Major Growth Potential Best ESG Stocks: 11 Best Stocks for ESG Investing Top 5 ETFs to Own Now and Into 2025 What Are Dividend Contenders? Investing in Dividend Contenders Watch These 3 Former Short-Squeeze Stocks for a Big Rally 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.
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