Haverford Trust Co Buys 58 Shares of Waste Management, Inc. (NYSE:WM)

Haverford Trust Co lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 0.2% during the 3rd quarter, Holdings Channel reports. The firm owned 29,943 shares of the business services provider’s stock after purchasing an additional 58 shares during the quarter. Haverford Trust Co’s holdings in Waste Management were worth $6,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WM. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% during 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. Capital World Investors lifted its holdings in shares of Waste Management by 44.6% during the 1st 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 bought a new stake in shares of Waste Management during the 1st quarter worth approximately $193,955,000. Wulff Hansen & CO. lifted its holdings in shares of Waste Management by 20,402.6% during the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after acquiring an additional 863,846 shares during the period. Finally, AMF Tjanstepension AB lifted its holdings in shares of Waste Management by 85.6% during the 2nd 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 during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

WM opened at $224.78 on Wednesday. The company has a market capitalization of $90.22 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.36 and a beta of 0.74. 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 firm has a 50-day moving average price of $210.44 and a 200-day moving average price of $209.33. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.50.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share 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 firm 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 company earned $1.63 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 in the company, valued at $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Scotiabank assumed coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. CIBC upped their price objective on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Argus upped their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $226.11.

Waste Management Company Profile

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.