Waste Management, Inc. (NYSE:WM) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 51.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,877 shares of the business services provider’s stock after selling 1,985 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Waste Management were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its holdings in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management during the second quarter worth $31,000. Fairway Wealth LLC grew its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management in the 2nd quarter worth $36,000. Finally, Fairscale Capital LLC acquired a new position in shares of Waste Management during the 2nd quarter valued at about $39,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on WM. Truist Financial cut their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Robert W. Baird reduced their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. CIBC dropped their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Eleven research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Stock Down 1.0 %

Waste Management stock opened at $206.80 on Friday. The stock’s fifty day moving average is $208.74 and its two-hundred day moving average is $208.54. The stock has a market cap of $82.99 billion, a PE ratio of 32.88, a P/E/G ratio of 2.34 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $160.90 and a 1-year high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

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

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 47.69%.

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.