Waste Management, Inc. $WM Position Boosted by Secure Asset Management LLC

Secure Asset Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 182.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,472 shares of the business services provider’s stock after buying an additional 8,058 shares during the period. Secure Asset Management LLC’s holdings in Waste Management were worth $2,742,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in shares of Waste Management by 3.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,495 shares of the business services provider’s stock worth $551,000 after purchasing an additional 81 shares in the last quarter. Brady Family Wealth LLC grew its position in Waste Management by 82.4% in the third quarter. Brady Family Wealth LLC now owns 2,017 shares of the business services provider’s stock worth $445,000 after buying an additional 911 shares during the last quarter. Centurion Wealth Management LLC lifted its position in shares of Waste Management by 150.2% during the 3rd quarter. Centurion Wealth Management LLC now owns 2,499 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 1,500 shares during the last quarter. L. Roy Papp & Associates LLP boosted its stake in shares of Waste Management by 4.2% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 13,397 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 545 shares in the last quarter. Finally, Curated Wealth Partners LLC raised its position in shares of Waste Management by 20.4% during the third quarter. Curated Wealth Partners LLC now owns 4,994 shares of the business services provider’s stock worth $1,103,000 after purchasing an additional 847 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Waste Management in a research note on Monday, November 24th. They issued a “buy” rating and a $256.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Oppenheimer raised their price target on shares of Waste Management from $262.00 to $263.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group lowered their price target on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Royal Bank Of Canada decreased their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $248.95.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.8%

Shares of WM stock opened at $216.54 on Friday. The stock has a market cap of $87.24 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a fifty day moving average price of $211.26 and a 200 day moving average price of $221.23. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the previous year, the business posted $1.96 earnings per share. Waste Management’s revenue was up 14.9% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s payout ratio is presently 51.97%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.