Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 14.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,453 shares of the business services provider’s stock after buying an additional 185 shares during the period. Blackston Financial Advisory Group LLC’s holdings in Waste Management were worth $301,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WM. Hexagon Capital Partners LLC lifted its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the 2nd quarter valued at $31,000. Fairway Wealth LLC boosted its position in shares of 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 period. Fairscale Capital LLC purchased a new position in shares of Waste Management during the second quarter valued at $39,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Waste Management during the second quarter valued at $36,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 1.4 %

Shares of WM stock opened at $208.91 on Friday. Waste Management, Inc. has a 12 month low of $156.36 and a 12 month high of $225.00. The company has a market cap of $83.84 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average is $208.70 and its two-hundred day moving average is $208.54.

Waste Management (NYSE:WM) last posted 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. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. Waste Management’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. Equities analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 47.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WM. Oppenheimer decreased their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. CIBC decreased their price target on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. BMO Capital Markets dropped their price objective on shares of 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. William Blair began coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus 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.