TD Asset Management Inc Has $43.69 Million Holdings in Waste Management, Inc. (NYSE:WM)

TD Asset Management Inc boosted its stake in Waste Management, Inc. (NYSE:WM) by 23.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,780 shares of the business services provider’s stock after buying an additional 38,638 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Waste Management worth $43,688,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gryphon Financial Partners LLC grew its holdings in shares of Waste Management by 83.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,770 shares of the business services provider’s stock worth $838,000 after purchasing an additional 2,176 shares during the last quarter. Wealthspire Advisors LLC grew its stake in Waste Management by 8.1% during the fourth quarter. Wealthspire Advisors LLC now owns 6,088 shares of the business services provider’s stock worth $1,090,000 after buying an additional 456 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $205,000. Montag A & Associates Inc. boosted its holdings in shares of Waste Management by 89.8% in the 4th quarter. Montag A & Associates Inc. now owns 634 shares of the business services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in Waste Management during the 4th quarter worth approximately $532,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent analyst reports. CIBC reduced their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets reduced their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price objective for the company. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Erste Group Bank reissued a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Waste Management Price Performance

Shares of WM opened at $204.74 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a market cap of $82.12 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The stock’s 50-day moving average price is $209.43 and its two-hundred day moving average price is $208.68. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.47%. Waste Management’s dividend payout ratio is presently 49.10%.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.