Smith Chas P & Associates PA Cpas Buys 1,048 Shares of Waste Management, Inc. (NYSE:WM)

Smith Chas P & Associates PA Cpas raised its holdings in Waste Management, Inc. (NYSE:WM) by 60.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,771 shares of the business services provider’s stock after buying an additional 1,048 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Waste Management were worth $575,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WM. ARS Wealth Advisors Group LLC lifted its stake in shares of Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after buying an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in Waste Management by 29.7% during the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 50 shares during the last quarter. Cypress Asset Management Inc. TX boosted its holdings in Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock valued at $907,000 after acquiring an additional 50 shares during the period. Finally, GYL Financial Synergies LLC increased its position in shares of Waste Management by 3.8% during the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.3 %

Shares of Waste Management stock opened at $211.81 on Monday. Waste Management, Inc. has a fifty-two week low of $153.95 and a fifty-two week high of $225.00. The stock has a 50 day moving average of $207.37 and a 200 day moving average of $208.41. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.36 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

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

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 47.69%.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird reduced 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. BMO Capital Markets decreased their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. Oppenheimer lowered their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $218.89.

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.