Monetta Financial Services Inc. purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 49,000 shares of the business services provider’s stock, valued at approximately $3,835,000. Waste Management makes up 2.1% of Monetta Financial Services Inc.’s investment portfolio, making the stock its 19th largest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of WM. Shine Investment Advisory Services Inc. acquired a new position in shares of Waste Management during the 2nd quarter valued at about $101,000. Bruderman Asset Management LLC acquired a new position in shares of Waste Management during the 2nd quarter valued at about $110,000. FTB Advisors Inc. increased its holdings in shares of Waste Management by 4.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 65 shares during the last quarter. First Interstate Bank increased its holdings in shares of Waste Management by 2.4% during the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 38 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Waste Management by 25.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 340 shares during the last quarter. 75.14% of the stock is owned by institutional investors.
In other news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by company insiders.
Waste Management, Inc. (WM) traded up $0.18 on Thursday, reaching $83.50. The company’s stock had a trading volume of 1,431,800 shares, compared to its average volume of 1,681,114. The firm has a market cap of $36,178.89, a price-to-earnings ratio of 26.70, a P/E/G ratio of 2.71 and a beta of 0.75. 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, Inc. has a 12-month low of $68.97 and a 12-month high of $83.93.
Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. equities research analysts expect that Waste Management, Inc. will post 3.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued 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 presently 54.84%.
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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.
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