Telos Capital Management Inc. Sells 120 Shares of Waste Management, Inc. (NYSE:WM)

Telos Capital Management Inc. reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,423 shares of the business services provider’s stock after selling 120 shares during the period. Telos Capital Management Inc.’s holdings in Waste Management were worth $4,447,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sustainable Growth Advisers LP purchased a new stake in Waste Management in the first quarter valued at approximately $300,594,000. Capital World Investors raised its position in shares of Waste Management by 44.6% during the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after buying an additional 1,303,466 shares in the last quarter. Swedbank AB bought a new stake in shares of Waste Management during the 1st quarter worth $193,955,000. Wulff Hansen & CO. grew its position in Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after acquiring an additional 863,846 shares in the last quarter. Finally, AMF Tjanstepension AB increased its stake in Waste Management by 85.6% in the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after acquiring an additional 720,358 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WM shares. Robert W. Baird cut their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, Oppenheimer decreased their target price on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Price Performance

WM opened at $211.82 on Tuesday. The stock’s 50 day moving average price is $208.45 and its 200-day moving average price is $208.49. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00. The stock has a market capitalization of $85.01 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is presently 47.69%.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.