Atria Investments Inc Cuts Stock Holdings in Waste Management, Inc. (NYSE:WM)

Atria Investments Inc lessened its holdings in Waste Management, Inc. (NYSE:WM) by 17.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,104 shares of the business services provider’s stock after selling 4,884 shares during the period. Atria Investments Inc’s holdings in Waste Management were worth $4,796,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the second quarter worth $31,000. Fairway Wealth LLC boosted its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Waste Management during the second quarter worth about $39,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the second quarter valued at about $36,000. Finally, Hexagon Capital Partners LLC boosted its stake in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

NYSE:WM opened at $224.78 on Wednesday. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.50. The company has a market cap of $90.22 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.36 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company’s 50-day moving average price is $210.44 and its 200-day moving average price is $209.33.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.63 EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WM. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Finally, CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued 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 target price of $226.11.

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.