Compass Wealth Management LLC Trims Stock Holdings in Waste Management, Inc. (NYSE:WM)

Compass Wealth Management LLC decreased its stake in Waste Management, Inc. (NYSE:WM) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,231 shares of the business services provider’s stock after selling 75 shares during the quarter. Compass Wealth Management LLC’s holdings in Waste Management were worth $3,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mitchell & Pahl Private Wealth LLC increased its position in Waste Management by 0.7% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 14,740 shares of the business services provider’s stock worth $3,060,000 after buying an additional 107 shares in the last quarter. Good Life Advisors LLC grew its position in shares of Waste Management by 5.6% during the third quarter. Good Life Advisors LLC now owns 3,425 shares of the business services provider’s stock worth $711,000 after purchasing an additional 182 shares in the last quarter. nVerses Capital LLC grew its position in shares of Waste Management by 40.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the business services provider’s stock worth $1,017,000 after purchasing an additional 1,400 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Waste Management by 9.7% during the third quarter. Cornerstone Wealth Management LLC now owns 3,444 shares of the business services provider’s stock worth $715,000 after purchasing an additional 305 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Waste Management by 7.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 65,567 shares of the business services provider’s stock worth $13,612,000 after purchasing an additional 4,703 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WM shares. Truist Financial cut their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Robert W. Baird dropped their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Scotiabank assumed coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target for the company. Finally, CIBC dropped their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Stock Down 0.2 %

Shares of NYSE:WM traded down $0.44 on Thursday, reaching $212.70. The company had a trading volume of 222,872 shares, compared to its average volume of 1,625,572. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $85.36 billion, a PE ratio of 33.88, a PEG ratio of 2.39 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00. The firm’s 50 day simple moving average is $207.98 and its 200-day simple moving average is $208.45.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter last year, the firm earned $1.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. Waste Management’s dividend payout ratio is currently 47.69%.

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.