WT Wealth Management Raises Stock Position in Waste Management, Inc. (NYSE:WM)

WT Wealth Management raised its position in Waste Management, Inc. (NYSE:WM) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,835 shares of the business services provider’s stock after acquiring an additional 495 shares during the period. WT Wealth Management’s holdings in Waste Management were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. ARS Wealth Advisors Group LLC grew its stake in Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after buying an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after acquiring an additional 49 shares in the last quarter. Cypress Asset Management Inc. TX grew its stake in shares of Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after acquiring an additional 50 shares during the last quarter. GYL Financial Synergies LLC increased its holdings in shares of Waste Management by 3.8% during the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 50 shares in the last quarter. Finally, Aries Wealth Management boosted its stake in Waste Management by 0.6% in the 2nd quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock worth $1,873,000 after purchasing an additional 50 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.2 %

Waste Management stock traded down $0.44 during trading on Tuesday, reaching $211.38. The stock had a trading volume of 358,073 shares, compared to its average volume of 1,615,544. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00. The business has a 50 day moving average price of $208.45 and a 200 day moving average price of $208.49. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The stock has a market cap of $84.83 billion, a PE ratio of 33.68, a P/E/G ratio of 2.38 and a beta of 0.74.

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

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WM shares. Royal Bank of Canada cut their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer reduced their target price on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Scotiabank began coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target for the company. Finally, StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $218.89.

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.