Trade Report: Today, W.G. Shaheen & Associates DBA Whitney & Co decides to keep it stake in Waste Management Inc. (WM) to the level of $2,054,000

Today, W.G. Shaheen & Associates DBA Whitney & Co decides to keep it stake in Waste Management Inc. (WM) to the level of $2,054,000

W.G. Shaheen & Associates DBA Whitney & Co cut its position in shares of Waste Management Inc. (NYSE:WM) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,210 shares of the company’s stock after selling 40 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Waste Management were worth $2,054,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WM. Sabal Trust CO raised its position in shares of Waste Management by 2.5% in the second quarter. Sabal Trust CO now owns 370,604 shares of the company’s stock valued at $24,560,000 after buying an additional 9,088 shares during the last quarter. PGGM Investments raised its position in shares of Waste Management by 5.2% in the second quarter. PGGM Investments now owns 879,096 shares of the company’s stock valued at $58,258,000 after buying an additional 43,136 shares during the last quarter. Franklin Street Advisors Inc. NC raised its position in shares of Waste Management by 12.4% in the third quarter. Franklin Street Advisors Inc. NC now owns 80,892 shares of the company’s stock valued at $5,158,000 after buying an additional 8,900 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Waste Management by 1.0% in the second quarter. Shell Asset Management Co. now owns 303,191 shares of the company’s stock valued at $20,092,000 after buying an additional 3,081 shares during the last quarter. Finally, Vestor Capital LLC raised its position in shares of Waste Management by 0.3% in the second quarter. Vestor Capital LLC now owns 118,787 shares of the company’s stock valued at $7,872,000 after buying an additional 365 shares during the last quarter. 72.96% of the stock is owned by institutional investors and hedge funds.

Waste Management Inc. (NYSE:WM) traded up 0.29% during trading on Monday, reaching $70.23. 1,514,667 shares of the company’s stock were exchanged. The stock has a market capitalization of $31.04 billion, a price-to-earnings ratio of 28.18 and a beta of 0.72. Waste Management Inc. has a 52 week low of $50.36 and a 52 week high of $70.50. The company’s 50 day moving average price is $65.21 and its 200-day moving average price is $64.46.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Waste Management had a net margin of 8.36% and a return on equity of 24.07%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm earned $0.74 EPS. Waste Management’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Waste Management Inc. will post $2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.34%. Waste Management’s dividend payout ratio (DPR) is 65.34%.

WM has been the topic of several recent analyst reports. KeyCorp upgraded shares of Waste Management from a “sector weight” rating to an “overweight” rating and set a $74.00 target price on the stock in a research report on Tuesday, August 9th. Wedbush lowered shares of Waste Management from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $73.00 to $68.00 in a research report on Thursday, October 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, September 27th. Barclays PLC upgraded shares of Waste Management from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $63.37 to $70.00 in a research report on Monday, November 7th. Finally, Macquarie started coverage on shares of Waste Management in a research report on Thursday, August 25th. They set a “neutral” rating and a $69.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Waste Management presently has an average 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.

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