Clear Creek Financial Management LLC Raises Holdings in Waste Management, Inc. (NYSE:WM)

Clear Creek Financial Management LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 9.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,320 shares of the business services provider’s stock after purchasing an additional 557 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Waste Management were worth $1,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management during the second quarter valued at $31,000. Fairway Wealth LLC lifted its stake in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter valued at $36,000. Fairscale Capital LLC purchased a new position in shares of Waste Management during the second quarter worth $39,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WM. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Argus upped their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Robert W. Baird lowered their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, CIBC lifted their price objective on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.05.

Waste Management Trading Down 0.9 %

Shares of Waste Management stock opened at $213.99 on Monday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $209.34 and its 200-day simple moving average is $208.87. The stock has a market cap of $85.89 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $162.34 and a 1-year high of $225.00.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the business earned $1.63 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.28 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.40%. Waste Management’s payout ratio is 45.87%.

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.