Prime Capital Investment Advisors LLC Sells 387 Shares of Waste Management, Inc. (NYSE:WM)

Prime Capital Investment Advisors LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,734 shares of the business services provider’s stock after selling 387 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Waste Management were worth $4,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Waste Management in the second quarter worth $31,000. Fairway Wealth LLC raised its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Waste Management in the second quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management during the second quarter valued at approximately $36,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 0.5 %

Shares of WM stock opened at $224.78 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $90.22 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.50. The stock’s 50-day moving average price is $210.44 and its 200-day moving average price is $209.33.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 7.3 EPS 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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is currently 45.87%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. BMO Capital Markets increased their price target 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, October 30th. Finally, Morgan Stanley raised their price objective on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

About Waste Management

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.