1,787 Shares in Waste Management, Inc. (NYSE:WM) Purchased by Secure Asset Management LLC

Secure Asset Management LLC bought a new position in Waste Management, Inc. (NYSE:WM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,787 shares of the business services provider’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hexagon Capital Partners LLC boosted its position in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in Waste Management in the first quarter valued at about $35,000. Fairway Wealth LLC boosted its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the second quarter valued at about $36,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.2 %

Shares of Waste Management stock opened at $212.75 on Friday. Waste Management, Inc. has a 1-year low of $153.95 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. The stock has a market cap of $85.38 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.39 and a beta of 0.74. The stock’s 50 day simple moving average is $208.28 and its 200-day simple moving average is $208.48.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The company 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 firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. Analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors 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 1.41%. Waste Management’s payout ratio is currently 47.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WM. 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 report on Friday, July 26th. Royal Bank of Canada decreased their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Company 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.