Pinkerton Retirement Specialists LLC Buys 922 Shares of Waste Management, Inc. (WM)
Pinkerton Retirement Specialists LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,403 shares of the business services provider’s stock after purchasing an additional 922 shares during the period. Waste Management makes up approximately 1.6% of Pinkerton Retirement Specialists LLC’s investment portfolio, making the stock its 8th largest holding. Pinkerton Retirement Specialists LLC’s holdings in Waste Management were worth $3,282,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. acquired a new position in Waste Management in the second quarter valued at about $101,000. Bruderman Asset Management LLC acquired a new position in Waste Management in the second quarter valued at about $110,000. FTB Advisors Inc. grew its stake in Waste Management by 4.3% in the second 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 period. First Interstate Bank grew its stake in Waste Management by 2.4% in the second 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 period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Waste Management by 25.1% in the second 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 period. 75.14% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.19% of the company’s stock.
A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $88.00 target price on shares of Waste Management in a research note on Friday, October 27th. Stifel Nicolaus cut Waste Management from a “buy” rating to a “hold” rating and decreased their target price for the company from $85.00 to $80.00 in a research note on Wednesday, October 4th. Bank of America decreased their target price on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.81.
Shares of Waste Management, Inc. (NYSE WM) traded up $0.18 during trading on Thursday, hitting $83.50. The stock had a trading volume of 1,431,800 shares, compared to its average volume of 1,681,114. The company has a market capitalization of $36,178.89, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 12 month low of $68.97 and a 12 month 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 issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The company 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.04%. Waste Management’s dividend payout ratio (DPR) is 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.
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