Epoch Investment Partners Inc. Has $28.78 Million Position in Waste Management, Inc. (WM)

Epoch Investment Partners Inc. trimmed its position in Waste Management, Inc. (NYSE:WM) by 79.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,668 shares of the business services provider’s stock after selling 1,437,708 shares during the quarter. Epoch Investment Partners Inc. owned 0.08% of Waste Management worth $28,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. Vanguard Group Inc. increased its position in Waste Management by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after purchasing an additional 1,621,347 shares during the period. BlackRock Inc. increased its position in Waste Management by 4.9% during the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after purchasing an additional 1,475,583 shares during the period. Wells Fargo & Company MN increased its position in Waste Management by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 7,277,527 shares of the business services provider’s stock valued at $569,612,000 after purchasing an additional 103,234 shares during the period. Janus Henderson Group PLC increased its position in Waste Management by 7,400.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock valued at $316,712,000 after purchasing an additional 4,260,260 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Waste Management by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,145,664 shares of the business services provider’s stock valued at $230,748,000 after purchasing an additional 50,832 shares during the period. 75.14% of the stock is currently owned by institutional investors.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on WM shares. BMO Capital Markets restated a “buy” rating and set a $82.00 target price on shares of Waste Management in a report on Friday, September 8th. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $80.00 in a report on Wednesday, October 4th. KeyCorp boosted their target price on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Bank of America dropped their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Waste Management presently has an average rating of “Buy” and an average price target of $81.81.

Shares of Waste Management, Inc. (NYSE:WM) traded up $0.17 during trading on Wednesday, reaching $83.32. 2,469,400 shares of the company were exchanged, compared to its average volume of 1,682,179. The company has a market cap of $36,105.08, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75. Waste Management, Inc. has a 52 week low of $68.84 and a 52 week high of $83.93. 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 quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. Waste Management’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. research analysts anticipate that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s dividend 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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