OneAscent Wealth Management LLC Sells 771 Shares of Waste Management, Inc. (NYSE:WM)

OneAscent Wealth Management LLC lessened its stake in Waste Management, Inc. (NYSE:WM) by 41.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,078 shares of the business services provider’s stock after selling 771 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Waste Management were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC lifted its stake in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after purchasing an additional 46 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its position in Waste Management by 3.1% in 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. Benchmark Financial Wealth Advisors LLC boosted its stake in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares in the last quarter. Balboa Wealth Partners grew its position in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 49 shares during the last quarter. Finally, Cypress Asset Management Inc. TX raised 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 in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.2 %

Shares of WM opened at $218.31 on Tuesday. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. 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 company has a market capitalization of $87.62 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The business’s 50 day moving average is $211.80 and its 200 day moving average is $209.78.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of the business’s 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 sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

WM has been the subject of several recent research reports. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer lifted their target price on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Profile

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.