Waste Management, Inc. (NYSE:WM) Stock Position Decreased by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC trimmed its stake in Waste Management, Inc. (NYSE:WM) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,676 shares of the business services provider’s stock after selling 111 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Waste Management were worth $763,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trium Capital LLP raised its stake in Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after acquiring an additional 5,367 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Waste Management by 417.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Waste Management by 32.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares during the period. Finally, Swedbank AB lifted its position in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock opened at $217.90 on Friday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The company’s 50-day moving average is $211.61 and its two-hundred day moving average is $209.68. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company has a market cap of $87.46 billion, a PE ratio of 33.32, a PEG ratio of 2.30 and a beta of 0.74.

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

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. Waste Management’s dividend payout ratio is 45.87%.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WM. CIBC boosted their price objective on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.11.

About Waste Management

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.