Weaver Capital Management LLC Has $2.22 Million Position in Waste Management, Inc. (NYSE:WM)

Weaver Capital Management LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,710 shares of the business services provider’s stock after selling 1,307 shares during the quarter. Weaver Capital Management LLC’s holdings in Waste Management were worth $2,223,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sustainable Growth Advisers LP acquired a new stake in Waste Management in the 1st quarter valued at about $300,594,000. Capital World Investors increased its holdings in shares of Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after purchasing an additional 1,303,466 shares in the last quarter. Swedbank AB acquired a new position in Waste Management during the 1st quarter worth $193,955,000. Wulff Hansen & CO. increased its stake in shares of Waste Management by 20,402.6% in the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock valued at $185,196,000 after buying an additional 863,846 shares during the period. Finally, AMF Tjanstepension AB raised its position in shares of Waste Management by 85.6% during the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after acquiring an additional 720,358 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.3 %

NYSE:WM opened at $211.09 on Wednesday. The company has a market cap of $84.66 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. Waste Management, Inc. has a twelve month low of $153.95 and a twelve month high of $225.00. The business has a 50 day moving average price of $208.59 and a two-hundred day moving average price of $208.52. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

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

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WM shares. Scotiabank assumed coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Robert W. Baird dropped their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. CIBC cut their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, Truist Financial dropped their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $218.89.

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.