Curi RMB Capital LLC Has $795,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Curi RMB Capital LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 278.6% during the third quarter, HoldingsChannel reports. The fund owned 3,828 shares of the business services provider’s stock after buying an additional 2,817 shares during the quarter. Curi RMB Capital LLC’s holdings in Waste Management were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. International Assets Investment Management LLC grew its position in 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 acquiring an additional 2,588,842 shares during the last quarter. Capital World Investors grew its position in 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 last quarter. Swedbank AB bought a new stake in Waste Management during the 1st quarter worth $193,955,000. Wulff Hansen & CO. grew its position in 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 last quarter. Finally, AMF Tjanstepension AB grew its position in shares of Waste Management by 85.6% in the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after buying an additional 720,358 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $217.89 on Friday. The company has a market cap of $87.45 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. Waste Management, Inc. has a 52 week low of $168.73 and a 52 week high of $226.84. The business has a 50 day moving average price of $211.34 and a 200-day moving average price of $209.63. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. Equities analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada upped their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Robert W. Baird reduced their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. UBS Group upped their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on 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, CIBC upped their price target on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.