Waste Management, Inc. (NYSE:WM) Shares Purchased by Planning Capital Management Corp

Planning Capital Management Corp increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 52.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 245 shares of the business services provider’s stock after purchasing an additional 84 shares during the period. Planning Capital Management Corp’s holdings in Waste Management were worth $51,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC increased its holdings in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Fairscale Capital LLC purchased a new stake in Waste Management during the 2nd quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management during the 2nd quarter worth approximately $36,000. Finally, Hexagon Capital Partners LLC increased its holdings in Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Down 1.8 %

WM opened at $221.72 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $88.99 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.74. The firm’s fifty day simple moving average is $211.08 and its 200 day simple moving average is $209.55. Waste Management, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter last year, the company earned $1.63 EPS. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. Waste Management’s dividend payout ratio is currently 45.87%.

Analyst Ratings Changes

Several research firms have recently commented on WM. Morgan Stanley lifted their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

About Waste Management

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.