Seaward Management Limited Partnership Has $2.12 Million Position in Waste Management, Inc. (WM)

Seaward Management Limited Partnership lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,062 shares of the business services provider’s stock after selling 1,517 shares during the period. Seaward Management Limited Partnership’s holdings in Waste Management were worth $2,118,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WM. Bank of Nova Scotia boosted its position in shares of Waste Management by 23.4% during the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after acquiring an additional 78,100 shares in the last quarter. Intersect Capital LLC boosted its position in shares of Waste Management by 33.1% during the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 6,009 shares in the last quarter. Aviva PLC boosted its position in shares of Waste Management by 1.0% during the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after acquiring an additional 2,710 shares in the last quarter. AXA boosted its position in shares of Waste Management by 15.0% during the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after acquiring an additional 58,630 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Waste Management by 0.7% during 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 acquiring an additional 11,668 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

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

In other news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Shares of Waste Management, Inc. (WM) traded up $1.34 during trading on Monday, reaching $83.15. 2,263,428 shares of the company’s stock were exchanged, compared to its average volume of 1,678,800. The firm has a market capitalization of $35,523.23, a price-to-earnings ratio of 26.22, a P/E/G ratio of 2.66 and a beta of 0.75. Waste Management, Inc. has a 1 year low of $68.84 and a 1 year high of $83.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid 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 payout ratio is currently 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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