Waste Management, Inc. (NYSE:WM) Shares Acquired by West Coast Financial LLC

West Coast Financial LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,520 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Waste Management comprises 1.4% of West Coast Financial LLC’s holdings, making the stock its 17th biggest position. West Coast Financial LLC’s holdings in Waste Management were worth $12,979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management during the first quarter worth about $35,000. Fairway Wealth LLC increased 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 last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management during the 2nd quarter worth $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WM shares. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Oppenheimer dropped their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Truist Financial lowered 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 initiated coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. Finally, Robert W. Baird dropped 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 note on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Trading Up 0.2 %

Shares of NYSE:WM traded up $0.47 during midday trading on Friday, reaching $211.71. The company’s stock had a trading volume of 233,318 shares, compared to its average volume of 1,639,151. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The firm has a market cap of $84.91 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The business has a 50 day moving average price of $207.28 and a 200 day moving average price of $208.48. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00.

Waste Management (NYSE:WM) last issued 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. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the company earned $1.51 earnings per share. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

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. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Activity at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.