Waste Management, Inc. (NYSE:WM) Stake Raised by Atwater Malick LLC

Atwater Malick LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,127 shares of the business services provider’s stock after buying an additional 601 shares during the period. Waste Management makes up approximately 4.6% of Atwater Malick LLC’s investment portfolio, making the stock its 6th largest holding. Atwater Malick LLC’s holdings in Waste Management were worth $14,351,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in Waste Management by 170.5% in 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Waste Management in the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in Waste Management in the 1st quarter worth approximately $35,000. Fairway Wealth LLC boosted its position in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.3 %

Shares of NYSE WM traded up $0.57 during trading on Friday, hitting $211.81. 956,431 shares of the company were exchanged, compared to its average volume of 1,642,822. Waste Management, Inc. has a 12-month low of $153.95 and a 12-month high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The company has a fifty day moving average price of $207.37 and a 200-day moving average price of $208.48. The firm has a market capitalization of $84.95 billion, a PE ratio of 34.67, a P/E/G ratio of 2.37 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is presently 49.10%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WM shares. Oppenheimer decreased their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Scotiabank started coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Finally, Robert W. Baird decreased their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 1,500 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.