Donaldson Capital Management LLC Sells 110 Shares of Waste Management, Inc. (NYSE:WM)

Donaldson Capital Management LLC reduced its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,462 shares of the business services provider’s stock after selling 110 shares during the quarter. Donaldson Capital Management LLC’s holdings in Waste Management were worth $5,909,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Waste Management in the second quarter valued at $31,000. Fairway Wealth LLC raised its stake in shares of Waste Management by 62.9% in the second 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 during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management in the second quarter valued at $36,000. Fairscale Capital LLC purchased a new position in shares of Waste Management in the second quarter valued at $39,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Waste Management by 67.2% in 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 in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird reduced their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Finally, William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $226.05.

Waste Management Trading Down 0.9 %

NYSE WM opened at $213.99 on Monday. Waste Management, Inc. has a 1-year low of $162.34 and a 1-year high of $225.00. The company has a current ratio of 0.89, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The stock has a 50-day moving average of $209.34 and a 200-day moving average of $208.87. The firm has a market cap of $85.89 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.51 billion. During the same quarter in the previous year, the company posted $1.63 EPS. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.28 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.