Waste Management, Inc. (NYSE:WM) Shares Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 20.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,643 shares of the business services provider’s stock after purchasing an additional 278 shares during the quarter. Pure Financial Advisors LLC’s holdings in Waste Management were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the second quarter worth $31,000. Fairway Wealth LLC increased its holdings in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Waste Management in the second quarter valued at about $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management during the second quarter worth about $36,000. Finally, Hexagon Capital Partners LLC grew 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 worth $42,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. William Blair started coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Truist Financial raised their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, 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 research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $226.05.

Waste Management Stock Performance

Shares of NYSE:WM opened at $213.99 on Monday. Waste Management, Inc. has a 12 month low of $162.34 and a 12 month high of $225.00. The business has a 50-day moving average of $209.34 and a two-hundred day moving average of $208.87. 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 firm has a market capitalization of $85.89 billion, a PE ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly 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 firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Waste Management, Inc. will post 7.28 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors 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 yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. 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.