Raymond James Financial Services Advisors Inc. Sells 27,017 Shares of Waste Management, Inc. (NYSE:WM)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 16.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,282 shares of the business services provider’s stock after selling 27,017 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Waste Management were worth $10,511,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in shares of Waste Management by 23.4% in the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after purchasing an additional 78,100 shares in the last quarter. Intersect Capital LLC lifted its holdings in shares of Waste Management by 33.1% in the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after purchasing an additional 6,009 shares in the last quarter. Aviva PLC lifted its holdings in shares of Waste Management by 1.0% in the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after purchasing an additional 2,710 shares in the last quarter. AXA lifted its holdings in shares of Waste Management by 15.0% in the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after purchasing an additional 58,630 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Waste Management by 0.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,768,294 shares of the business services provider’s stock worth $129,703,000 after purchasing an additional 11,668 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

WM has been the topic of a number of recent research reports. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of Waste Management in a research note on Friday, October 13th. KeyCorp restated a “buy” rating and set a $88.00 price objective on shares of Waste Management in a research note on Friday, October 27th. Bank of America dropped their price objective on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Finally, Credit Suisse Group set a $90.00 price objective on Waste Management and gave the company a “buy” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $81.81.

Shares of Waste Management, Inc. (NYSE:WM) traded up $1.34 during trading hours on Monday, reaching $83.15. The company’s stock had a trading volume of 2,263,428 shares, compared to its average volume of 1,678,800. Waste Management, Inc. has a fifty-two week low of $68.84 and a fifty-two week high of $83.93. The company has a market cap of $35,523.23, a PE ratio of 26.22, a PEG ratio of 2.66 and a beta of 0.75. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60.

Waste Management (NYSE:WM) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm posted $0.84 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that Waste Management, Inc. will post 3.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, November 30th. Waste Management’s dividend payout ratio is presently 54.84%.

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Waste Management Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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