Ashton Thomas Private Wealth LLC Increases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Ashton Thomas Private Wealth LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,752 shares of the business services provider’s stock after buying an additional 259 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Waste Management were worth $2,647,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WM. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management in the second quarter valued at $31,000. Fairway Wealth LLC boosted its position 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 during the period. Fairscale Capital LLC purchased a new position in Waste Management during the 2nd quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management during the second quarter worth approximately $36,000. Finally, Hexagon Capital Partners LLC boosted its holdings 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 acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.5 %

Shares of NYSE WM opened at $224.78 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm’s 50-day moving average is $210.44 and its two-hundred day moving average is $209.33. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.50. The company has a market capitalization of $90.22 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 45.87%.

Analysts Set New Price Targets

WM has been the topic of a number of recent research reports. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Argus increased their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Truist Financial upped their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. Finally, UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.11.

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.