Aaron Wealth Advisors LLC Has $2.67 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Aaron Wealth Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,860 shares of the business services provider’s stock after purchasing an additional 226 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Waste Management were worth $2,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Claro Advisors LLC boosted its position in Waste Management by 13.4% during the 3rd quarter. Claro Advisors LLC now owns 3,197 shares of the business services provider’s stock worth $664,000 after acquiring an additional 379 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Waste Management by 17.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,320 shares of the business services provider’s stock worth $1,104,000 after acquiring an additional 808 shares during the last quarter. CHB Investment Group LLC bought a new stake in shares of Waste Management during the 3rd quarter worth approximately $2,705,000. Addison Capital Co raised its stake in shares of Waste Management by 1.1% during the 3rd quarter. Addison Capital Co now owns 5,722 shares of the business services provider’s stock worth $1,188,000 after purchasing an additional 61 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Waste Management by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,203 shares of the business services provider’s stock worth $11,460,000 after purchasing an additional 475 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WM. BMO Capital Markets dropped their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Stock Performance

WM stock traded down $0.23 during trading hours on Friday, hitting $212.85. 173,460 shares of the stock were exchanged, compared to its average volume of 1,621,473. The firm has a market capitalization of $85.42 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.39 and a beta of 0.74. Waste Management, Inc. has a 12 month low of $153.95 and a 12 month high of $225.00. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The company has a 50-day simple moving average of $208.13 and a two-hundred day simple moving average of $208.49.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. On average, analysts forecast that Waste Management, Inc. will post 7.24 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. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

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.