49,000 Shares in Waste Management, Inc. (WM) Purchased by Monetta Financial Services Inc.

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.

WM has been the topic of a number of research analyst reports. Credit Suisse Group set a $90.00 target price on Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Oppenheimer raised their target price on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets raised their target price on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $88.00 target price on shares of Waste Management in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.81.

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%.

WARNING: This article was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/07/49000-shares-in-waste-management-inc-wm-purchased-by-monetta-financial-services-inc.html.

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