1 week Ago By ABMN Staff
Cullen Frost Bankers Inc. lessened its stake in shares of Waste Management, Inc. ( NYSE:WM – Free Report ) by 13.
4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,163 shares of the business services provider’s stock after selling 1,105 shares during the quarter. Cullen Frost Bankers Inc.
’s holdings in Waste Management were worth $1,528,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in shares of Waste Management by 170.
5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc.
purchased a new position in shares of Waste Management in the second quarter valued at approximately $31,000. Sachetta LLC purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Waste Management in the first quarter valued at approximately $35,000.
Finally, DSM Capital Partners LLC purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Insider Buying and Selling In other news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction 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 transaction, 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 filing with the SEC, which is accessible through the SEC website . 0.18% of the stock is currently owned by corporate insiders.
Waste Management Price Performance Waste Management ( NYSE:WM – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.
82. The firm 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 revenue for the quarter was up 5.5% on a year-over-year basis.
During the same period in the prior year, the company posted $1.51 earnings per share. On average, analysts predict that Waste Management, Inc.
will post 7.24 EPS for the current year. Waste Management Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th.
Investors of record on Friday, September 13th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, September 13th.
This represents a $3.00 annualized dividend and a yield of 1.47%.
Waste Management’s dividend payout ratio is currently 49.10%. Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on WM shares.
Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price target for the company.
The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer decreased their price target on shares of Waste Management from $229.00 to $224.
00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Robert W. Baird decreased their price target on shares of Waste Management from $226.
00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th.
Eleven research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.
83. View Our Latest Report on WM About Waste Management ( 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.
Recommended Stories Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. ( NYSE:WM – Free Report ).
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