Waste Management, Inc. (NYSE:WM) Shares Sold by Solidarity Wealth LLC

Solidarity Wealth LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 41.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,844 shares of the business services provider’s stock after selling 3,395 shares during the quarter. Solidarity Wealth LLC’s holdings in Waste Management were worth $1,006,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WM. Hexagon Capital Partners LLC boosted its stake in shares of Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Waste Management in the 2nd quarter worth approximately $31,000. Fairway Wealth LLC grew its stake in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management in the 2nd quarter valued at $36,000. Finally, Fairscale Capital LLC purchased a new stake in Waste Management during the second quarter worth $39,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Price Performance

Shares of WM stock opened at $214.95 on Thursday. The firm’s 50-day moving average is $209.14 and its two-hundred day moving average is $208.72. Waste Management, Inc. has a 12 month low of $162.03 and a 12 month high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The company has a market capitalization of $86.26 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is presently 45.87%.

Analysts Set New Price Targets

WM has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird reduced their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.28.

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.