Atwater Malick LLC Acquires 889 Shares of Waste Management, Inc. (NYSE:WM)

Atwater Malick LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 57,326 shares of the business services provider’s stock after buying an additional 889 shares during the period. Waste Management makes up approximately 4.5% of Atwater Malick LLC’s portfolio, making the stock its 4th biggest position. Atwater Malick LLC’s holdings in Waste Management were worth $8,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canton Hathaway LLC increased its stake in shares of Waste Management by 2.4% in the third quarter. Canton Hathaway LLC now owns 9,318 shares of the business services provider’s stock valued at $1,392,000 after purchasing an additional 218 shares during the period. IAM Advisory LLC acquired a new stake in shares of Waste Management in the third quarter valued at approximately $1,234,000. Schneider Downs Wealth Management Advisors LP increased its stake in shares of Waste Management by 21.3% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 1,944 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 341 shares during the period. Burns J W & Co. Inc. NY increased its stake in shares of Waste Management by 0.6% in the third quarter. Burns J W & Co. Inc. NY now owns 50,468 shares of the business services provider’s stock valued at $7,538,000 after purchasing an additional 278 shares during the period. Finally, Northwest Bancshares Inc. increased its stake in shares of Waste Management by 2.1% in the third quarter. Northwest Bancshares Inc. now owns 8,468 shares of the business services provider’s stock valued at $1,264,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 73.84% of the company’s stock.

A number of research analysts recently commented on WM shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waste Management from $138.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, July 29th. Raymond James raised their price objective on shares of Waste Management from $157.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th. Finally, BMO Capital Markets raised their price objective on shares of Waste Management from $153.00 to $159.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $148.00.

NYSE:WM traded up $0.88 during trading hours on Thursday, reaching $165.72. 1,194,213 shares of the company’s stock were exchanged, compared to its average volume of 1,594,387. The company has a market capitalization of $69.32 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. Waste Management, Inc. has a 12 month low of $109.11 and a 12 month high of $166.35. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 1.73. The business’s 50-day simple moving average is $157.63 and its two-hundred day simple moving average is $149.68.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, October 26th. The business services provider reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.10). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.55 billion. Waste Management had a return on equity of 27.19% and a net margin of 10.09%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 4.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Investors of record on Friday, December 3rd will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 2nd. Waste Management’s dividend payout ratio is 55.69%.

In other Waste Management news, SVP Tara J. Hemmer sold 12,186 shares of Waste Management stock in a transaction on Friday, October 1st. The shares were sold at an average price of $149.07, for a total transaction of $1,816,567.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devina A. Rankin sold 33,115 shares of Waste Management stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $155.18, for a total transaction of $5,138,785.70. Following the sale, the chief financial officer now directly owns 53,434 shares of the company’s stock, valued at approximately $8,291,888.12. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States.

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

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