TIAA CREF Trust Co. FSB MO reduced its stake in shares of Waste Management Inc. (NYSE:WM) by 14.9% during the third quarter, Holdings Channel reports. The institutional investor owned 12,051 shares of the company’s stock after selling 2,102 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Waste Management were worth $768,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Alexandria Capital LLC boosted its stake in Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock valued at $105,000 after buying an additional 41 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 1,715 shares of the company’s stock valued at $113,000 after buying an additional 11 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in Waste Management during the second quarter valued at approximately $132,000. Financial Architects Inc boosted its stake in Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock valued at $132,000 after buying an additional 16 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Waste Management by 320.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,100 shares of the company’s stock valued at $139,000 after buying an additional 1,600 shares in the last quarter. 72.96% of the stock is owned by hedge funds and other institutional investors.
Waste Management Inc. (NYSE:WM) traded up 0.2952% on Monday, hitting $70.2367. The stock had a trading volume of 741,297 shares. The company’s 50-day moving average price is $64.98 and its 200 day moving average price is $64.35. Waste Management Inc. has a one year low of $50.36 and a one year high of $70.50. The firm has a market cap of $31.04 billion, a price-to-earnings ratio of 28.1849 and a beta of 0.72.
Waste Management (NYSE:WM) last posted its earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company earned $0.74 EPS. Waste Management’s revenue was up 5.6% on a year-over-year basis. Analysts expect that Waste Management Inc. will post $2.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Wednesday, November 30th. Waste Management’s payout ratio is currently 65.34%.
Several research firms recently commented on WM. Vetr cut Waste Management from a “buy” rating to a “hold” rating and set a $68.25 price target for the company. in a report on Wednesday, November 9th. Barclays PLC cut Waste Management from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $66.00 to $70.00 in a report on Tuesday, August 9th. Argus reaffirmed a “buy” rating and issued a $72.00 price target on shares of Waste Management in a report on Wednesday, August 10th. Goldman Sachs Group Inc. began coverage on Waste Management in a report on Tuesday, November 1st. They issued a “sell” rating and a $63.00 price target for the company. Finally, Macquarie started coverage on Waste Management in a report on Thursday, August 25th. They issued a “neutral” rating and a $69.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.23.
About Waste Management
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.