Waste Management, Inc. (NYSE:WM) Position Increased by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,890 shares of the business services provider’s stock after purchasing an additional 3,382 shares during the period. Waste Management makes up approximately 3.0% of Buck Wealth Strategies LLC’s portfolio, making the stock its 6th largest position. Buck Wealth Strategies LLC’s holdings in Waste Management were worth $10,003,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Waste Management in the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management in the first quarter valued at about $35,000. Fairway Wealth LLC boosted its holdings in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new position in Waste Management during the second quarter worth about $39,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.1 %

Shares of NYSE WM opened at $205.51 on Friday. The firm’s 50 day moving average price is $207.07 and its 200 day moving average price is $208.63. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a market cap of $82.48 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00.

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

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. Waste Management’s payout ratio is currently 49.10%.

Analyst Ratings Changes

Several brokerages have recently commented on WM. BMO Capital Markets decreased their price target on Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada decreased their target price on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Robert W. Baird decreased their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.

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.