Deroy & Devereaux Private Investment Counsel Inc. Increases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Waste Management, Inc. (NYSE:WM) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,817 shares of the business services provider’s stock after purchasing an additional 901 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Waste Management were worth $19,684,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Waste Management during the 2nd quarter valued at about $31,000. Fairway Wealth LLC lifted 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 buying an additional 66 shares during the period. Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter valued at about $39,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management in the 2nd quarter valued at about $36,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WM shares. UBS Group boosted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday. Truist Financial boosted their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Oppenheimer upped their price target on Waste Management from $224.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $226.05.

Waste Management Trading Up 0.5 %

WM opened at $215.85 on Friday. Waste Management, Inc. has a 52 week low of $162.03 and a 52 week high of $225.00. The business has a fifty day simple moving average of $209.26 and a 200-day simple moving average of $208.77. The firm has a market cap of $86.64 billion, a P/E ratio of 33.00, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping 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 business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is currently 45.87%.

About Waste Management

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.