Waste Management, Inc. (NYSE:WM) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,197 shares of the business services provider’s stock after acquiring an additional 379 shares during the period. Claro Advisors LLC’s holdings in Waste Management were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WM. Sustainable Growth Advisers LP acquired a new position in Waste Management during the first quarter worth $300,594,000. Capital World Investors grew its stake in Waste Management by 44.6% in the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after acquiring an additional 1,303,466 shares during the last quarter. Swedbank AB acquired a new position in Waste Management during the first quarter worth about $193,955,000. Wulff Hansen & CO. lifted its holdings in shares of Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock valued at $185,196,000 after purchasing an additional 863,846 shares in the last quarter. Finally, AMF Tjanstepension AB grew its position in shares of Waste Management by 85.6% in the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after purchasing an additional 720,358 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.2 %

Shares of WM opened at $212.75 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a 12 month low of $153.95 and a 12 month high of $225.00. The stock has a market cap of $85.33 billion, a PE ratio of 34.82, a P/E/G ratio of 2.39 and a beta of 0.74. The stock’s 50-day moving average is $208.28 and its two-hundred day moving average is $208.47.

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

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 yield of 1.41%. Waste Management’s dividend payout ratio is presently 49.10%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WM. Robert W. Baird dropped their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. CIBC lowered their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, Truist Financial decreased their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Eleven equities research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

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.