Waste Management, Inc. (NYSE:WM) Shares Bought by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,299 shares of the business services provider’s stock after buying an additional 53 shares during the period. Roman Butler Fullerton & Co.’s holdings in Waste Management were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the second quarter worth $31,000. Fairway Wealth LLC boosted its stake in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management in the 2nd quarter worth about $36,000. Fairscale Capital LLC acquired a new stake in Waste Management in the 2nd quarter worth about $39,000. Finally, Hexagon Capital Partners LLC boosted its stake in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of NYSE:WM opened at $213.99 on Monday. The company has a market cap of $85.89 billion, a P/E ratio of 32.72, a PEG ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.03 and a current ratio of 0.89. Waste Management, Inc. has a one year low of $162.34 and a one year high of $225.00. The business’s 50-day simple moving average is $209.34 and its 200 day simple moving average is $208.87.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the firm earned $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.28 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid 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 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Ratings Changes

A number of analysts have issued reports on WM shares. UBS Group raised their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank started coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $226.05.

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.