Waste Management, Inc. (WM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its position in Waste Management, Inc. (NYSE:WM) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,299 shares of the business services provider’s stock after selling 1,812 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Waste Management were worth $11,832,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia raised its position in 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 during the last quarter. Intersect Capital LLC raised its position in 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 during the last quarter. Aviva PLC raised its position in 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 during the last quarter. AXA raised its position in 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 during the last quarter. Finally, Global X Management Co. LLC raised its position in Waste Management by 28.6% in the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after purchasing an additional 1,121 shares during the last quarter. Institutional investors own 74.93% of the company’s stock.

Shares of Waste Management, Inc. (NYSE:WM) traded up 0.30% during mid-day trading on Wednesday, hitting $76.97. 270,029 shares of the company’s stock traded hands. The company has a market cap of $33.87 billion, a PE ratio of 26.36 and a beta of 0.74. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $79.28. The firm has a 50-day moving average of $77.35 and a 200 day moving average of $74.47.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Equities research analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, September 7th. Waste Management’s payout ratio is currently 58.42%.

TRADEMARK VIOLATION WARNING: “Waste Management, Inc. (WM) Shares Sold by Raymond James Financial Services Advisors Inc.” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/11/waste-management-inc-wm-shares-sold-by-raymond-james-financial-services-advisors-inc.html.

Several research analysts recently weighed in on WM shares. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. BMO Capital Markets started coverage on shares of Waste Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective for the company. Bank of America Corporation dropped their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.74.

In other news, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the transaction, the director now owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the transaction, the director now directly owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

About Waste Management

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.

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

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

What are top analysts saying about Waste Management Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Waste Management Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit