GM Advisory Group LLC Has $400,000 Holdings in Waste Management, Inc. (NYSE:WM)

GM Advisory Group LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 31.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,925 shares of the business services provider’s stock after purchasing an additional 463 shares during the quarter. GM Advisory Group LLC’s holdings in Waste Management were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the 2nd quarter valued at approximately $31,000. Fairway Wealth LLC increased its position in Waste Management by 62.9% during 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 period. Fairscale Capital LLC acquired a new stake in Waste Management during the 2nd quarter valued at approximately $39,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of several recent analyst reports. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. CIBC raised their price objective on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $224.41 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock’s fifty day simple moving average is $212.84 and its two-hundred day simple moving average is $210.10. Waste Management, Inc. has a 1-year low of $168.73 and a 1-year high of $226.84. The stock has a market cap of $90.07 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74.

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 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 for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the business earned $1.63 EPS. The business’s revenue was up 7.9% on a year-over-year basis. As a group, analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is 45.87%.

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.