Waste Management, Inc. $WM Shares Bought by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors increased its Waste Management stake by 1,543.2% in the third quarter, to 22,381 shares worth about $4.56 million. Institutional investors and hedge funds own 80.4% of the company’s stock.
• Analysts give Waste Management a consensus “Moderate Buy” rating, with an average price target of $257.04; 18 rate the stock Buy and eight rate it Hold.
• In its latest quarter, Waste Management reported revenue of $6.85 billion, up 6.3% year over year, but EPS of $2.15 fell short of the $2.18 consensus estimate.

Bryn Mawr Trust Advisors LLC increased its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 1,543.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,381 shares of the business services provider's stock after acquiring an additional 21,019 shares during the period. Bryn Mawr Trust Advisors LLC's holdings in Waste Management were worth $4,564,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hohimer Wealth Management LLC raised its position in Waste Management by 4.9% in the third quarter. Hohimer Wealth Management LLC now owns 6,996 shares of the business services provider's stock worth $1,427,000 after acquiring an additional 324 shares in the last quarter. M Holdings Securities Inc. bought a new position in shares of Waste Management during the 3rd quarter valued at about $270,000. Avantax Planning Partners Inc. boosted its position in shares of Waste Management by 1.3% during the 3rd quarter. Avantax Planning Partners Inc. now owns 3,412 shares of the business services provider's stock valued at $696,000 after purchasing an additional 43 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Waste Management by 0.9% during the 3rd quarter. Brighton Jones LLC now owns 9,930 shares of the business services provider's stock valued at $2,025,000 after purchasing an additional 86 shares in the last quarter. Finally, American State Bank Iowa grew its stake in shares of Waste Management by 2.6% in the 3rd quarter. American State Bank Iowa now owns 13,611 shares of the business services provider's stock worth $2,776,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on WM shares. Bank of America boosted their target price on shares of Waste Management from $245.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, October 28th. Barclays lifted their price target on shares of Waste Management from $277.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Morgan Stanley dropped their price target on Waste Management from $230.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. JPMorgan Chase & Co. increased their price objective on Waste Management from $235.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $267.00 price objective (up from $263.00) on shares of Waste Management in a research note on Thursday, October 29th. Eighteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $257.04.

Insider Activity at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the transaction, the chief accounting officer owned 3,509 shares of the company's stock, valued at approximately $771,629.10. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Waste Management Price Performance

NYSE WM opened at $236.50 on Monday. The stock's 50-day moving average price is $219.40 and its two-hundred day moving average price is $225.59. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21. The company has a market cap of $94.04 billion, a PE ratio of 31.04, a PEG ratio of 3.07 and a beta of 0.38. Waste Management, Inc. has a 1 year low of $197.47 and a 1 year high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($0.03). The firm had revenue of $6.85 billion for the quarter, compared to analysts' expectations of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. Waste Management's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 earnings per share. On average, analysts predict that Waste Management, Inc. will post 8.05 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.9450 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management's dividend payout ratio is 49.61%.

About Waste Management

Waste Management, Inc, doing business as WM NYSE: WM, is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.

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