Waste Management, Inc. (NYSE:WM) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,291 shares of the business services provider’s stock after selling 115 shares during the period. Chesley Taft & Associates LLC’s holdings in Waste Management were worth $17,291,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WM. ARS Wealth Advisors Group LLC raised its stake in Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 50 shares during the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after buying an additional 50 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its stake in shares of Waste Management by 3.8% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 1.3 %

Shares of WM opened at $205.41 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $82.39 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. The stock’s fifty day simple moving average is $206.74 and its 200 day simple moving average is $208.50. Waste Management, Inc. has a twelve month low of $153.95 and a twelve month high of $225.00.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $1.51 EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. William Blair initiated coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Truist Financial cut their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Oppenheimer lowered their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Royal Bank of Canada lowered their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management 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.