Waste Management, Inc. (NYSE:WM) Shares Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,512 shares of the business services provider’s stock after acquiring an additional 581 shares during the period. Stratos Investment Management LLC’s holdings in Waste Management were worth $3,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC lifted 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 purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at $35,000. Fairway Wealth LLC raised its stake in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Waste Management in the second quarter valued at $39,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on WM shares. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. William Blair began coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Truist Financial reduced their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Royal Bank of Canada lowered their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Eleven research 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 company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Price Performance

Shares of NYSE WM opened at $212.75 on Friday. The company’s fifty day moving average is $208.28 and its two-hundred day moving average is $208.48. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a market capitalization of $85.38 billion, a P/E ratio of 33.82, a PEG ratio of 2.39 and a beta of 0.74. Waste Management, Inc. has a one year low of $153.95 and a one year high of $225.00.

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

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 1.41%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 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.