D.A. Davidson & CO. Grows Stock Position in Waste Management, Inc. (NYSE:WM)

D.A. Davidson & CO. grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 15.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,918 shares of the business services provider’s stock after buying an additional 10,955 shares during the period. D.A. Davidson & CO.’s holdings in Waste Management were worth $17,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings 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 worth $26,000 after buying an additional 120 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in 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 purchasing an additional 66 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Waste Management in the 2nd quarter valued at about $39,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter valued at about $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $227.45 on Wednesday. The business’s 50 day moving average is $213.68 and its two-hundred day moving average is $210.32. The stock has a market capitalization of $91.29 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.37 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $228.52.

Waste Management (NYSE:WM) last announced 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. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. Research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Saturday. William Blair assumed coverage on Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, CIBC boosted their price target on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $226.11.

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.