UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 35,322 Shares of Waste Management, Inc. $WM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,121,427 shares of the business services provider's stock after buying an additional 35,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of Waste Management worth $695,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC grew its stake in Waste Management by 12.9% in the second quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider's stock worth $12,458,000 after purchasing an additional 6,391 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Waste Management during the 4th quarter valued at $10,206,000. Principal Financial Group Inc. grew its position in shares of Waste Management by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider's stock worth $105,776,000 after buying an additional 14,003 shares during the period. KBC Group NV increased its stake in shares of Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider's stock worth $94,155,000 after acquiring an additional 57,028 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Waste Management by 21.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 57,378 shares of the business services provider's stock worth $12,607,000 after acquiring an additional 10,205 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Trading Up 1.0%

Waste Management stock opened at $219.88 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a market cap of $87.89 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.77 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The business has a 50-day simple moving average of $228.60 and a two-hundred day simple moving average of $227.62.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 earnings per share. Analysts predict that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management's dividend payout ratio (DPR) is presently 53.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WM shares. Oppenheimer lowered their target price on shares of Waste Management from $264.00 to $263.00 and set an "outperform" rating for the company in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Finally, Weiss Ratings lowered Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.89.

Waste Management Company Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source