Sawyer & Company Inc Reduces Position in Waste Management, Inc. (NYSE:WM)

Sawyer & Company Inc decreased its holdings in Waste Management, Inc. (NYSE:WM) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,050 shares of the business services provider’s stock after selling 90 shares during the quarter. Sawyer & Company Inc’s holdings in Waste Management were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Wealthcare Advisory Partners LLC lifted its stake in Waste Management by 1.8% in the third quarter. Wealthcare Advisory Partners LLC now owns 15,528 shares of the business services provider’s stock worth $1,786,000 after acquiring an additional 279 shares during the period. Vigilant Capital Management LLC lifted its stake in Waste Management by 0.6% in the third quarter. Vigilant Capital Management LLC now owns 131,548 shares of the business services provider’s stock worth $15,128,000 after acquiring an additional 793 shares during the period. Strategic Blueprint LLC purchased a new stake in Waste Management in the third quarter worth $1,516,000. Signaturefd LLC lifted its stake in Waste Management by 21.1% in the third quarter. Signaturefd LLC now owns 1,994 shares of the business services provider’s stock worth $229,000 after acquiring an additional 347 shares during the period. Finally, Winslow Evans & Crocker Inc. lifted its stake in Waste Management by 55.6% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,158 shares of the business services provider’s stock worth $134,000 after acquiring an additional 414 shares during the period. 73.24% of the stock is owned by institutional investors.

In related news, SVP Charles C. Boettcher sold 589 shares of Waste Management stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $115.95, for a total value of $68,294.55. Following the completion of the sale, the senior vice president now directly owns 3,147 shares in the company, valued at approximately $364,894.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael J. Watson sold 8,019 shares of Waste Management stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.40, for a total value of $957,468.60. Following the completion of the sale, the vice president now owns 17,254 shares of the company’s stock, valued at $2,060,127.60. The disclosure for this sale can be found here. Insiders have sold 13,347 shares of company stock valued at $1,585,155 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

A number of analysts recently commented on WM shares. CIBC reaffirmed a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Raymond James set a $127.00 price objective on Waste Management and gave the company a “buy” rating in a research report on Friday, July 26th. ValuEngine lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Macquarie reissued an “outperform” rating and set a $130.00 price objective on shares of Waste Management in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada set a $126.00 price objective on Waste Management and gave the company a “buy” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.82.

Waste Management stock traded up $1.40 on Thursday, hitting $116.30. 740,655 shares of the stock traded hands, compared to its average volume of 1,833,685. The company has a current ratio of 1.70, a quick ratio of 1.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $49.27 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The business’s fifty day simple moving average is $115.96 and its 200 day simple moving average is $112.89. Waste Management, Inc. has a 1 year low of $83.22 and a 1 year high of $121.77.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company earned $1.01 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Waste Management, Inc. will post 4.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.512 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.05 annualized dividend and a dividend yield of 1.76%. Waste Management’s payout ratio is presently 48.81%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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