Mutual Advisors LLC Purchases 226 Shares of Waste Management, Inc. (NYSE:WM)

Mutual Advisors LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,927 shares of the business services provider’s stock after purchasing an additional 226 shares during the period. Mutual Advisors LLC’s holdings in Waste Management were worth $2,283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after purchasing an additional 2,588,842 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in Waste Management in the 1st quarter valued at $300,594,000. Capital World Investors increased its stake in shares of 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 buying an additional 1,303,466 shares during the period. Swedbank AB bought a new stake in shares of Waste Management during the first quarter worth $193,955,000. Finally, Wulff Hansen & CO. lifted its stake in shares of Waste Management by 20,402.6% during the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock valued at $185,196,000 after acquiring an additional 863,846 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on WM shares. Oppenheimer boosted their price objective on Waste Management from $224.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday. Robert W. Baird dropped their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Finally, UBS Group raised their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $226.05.

Waste Management Stock Performance

WM opened at $215.85 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. The company has a market capitalization of $86.62 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 2.29 and a beta of 0.74. The business’s 50-day moving average price is $209.26 and its two-hundred day moving average price is $208.77. Waste Management, Inc. has a 1 year low of $162.03 and a 1 year high of $225.00.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. Equities analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. Waste Management’s dividend payout ratio is 45.87%.

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.