Waste Management, Inc. (NYSE:WM) Shares Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its position in shares of Waste Management, Inc. (NYSE:WM) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,425 shares of the business services provider’s stock after purchasing an additional 734 shares during the quarter. Toth Financial Advisory Corp’s holdings in Waste Management were worth $3,202,000 as of its most recent filing with the SEC.

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

Waste Management Stock Down 1.0 %

WM traded down $2.03 during midday trading on Monday, hitting $210.72. 275,531 shares of the company’s stock traded hands, compared to its average volume of 1,618,008. 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 company has a market cap of $84.57 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. The stock’s fifty day simple moving average is $208.28 and its 200-day simple moving average is $208.45. Waste Management, Inc. has a one year low of $153.95 and a one year high of $225.00.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is 47.69%.

Analyst Upgrades and Downgrades

WM has been the subject of several research reports. CIBC cut their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Truist Financial dropped their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, Robert W. Baird cut their target price 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. Eleven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.89.

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.