Waste Management, Inc. (NYSE:WM) Shares Acquired by L & S Advisors Inc

L & S Advisors Inc grew its stake in Waste Management, Inc. (NYSE:WM) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,025 shares of the business services provider’s stock after purchasing an additional 114 shares during the quarter. L & S Advisors Inc’s holdings in Waste Management were worth $2,912,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WM. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the second quarter worth about $31,000. Fairway Wealth LLC raised its stake in Waste Management by 62.9% during 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 during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the second quarter worth about $36,000. Fairscale Capital LLC acquired a new stake in Waste Management during the second quarter worth about $39,000. Finally, Hexagon Capital Partners LLC raised its stake in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $219.60 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $88.14 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.30 and a beta of 0.74. The company’s fifty day moving average is $212.24 and its two-hundred day moving average is $209.92. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $226.84.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the business posted $1.63 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. William Blair started coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Scotiabank began coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, Robert W. Baird reduced their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Eleven equities research 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 stock. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $226.11.

Waste Management Company 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.