DLK Investment Management LLC Purchases 208 Shares of Waste Management, Inc. (NYSE:WM)

DLK Investment Management LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,608 shares of the business services provider’s stock after acquiring an additional 208 shares during the period. Waste Management makes up approximately 2.7% of DLK Investment Management LLC’s portfolio, making the stock its 10th biggest holding. DLK Investment Management LLC’s holdings in Waste Management were worth $6,977,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Castle Rock Wealth Management LLC lifted its position in shares of Waste Management by 1.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 10,372 shares of the business services provider’s stock valued at $2,138,000 after acquiring an additional 156 shares during the period. Independence Bank of Kentucky raised its holdings in Waste Management by 9.3% during the third quarter. Independence Bank of Kentucky now owns 8,323 shares of the business services provider’s stock worth $1,728,000 after purchasing an additional 706 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new stake in Waste Management during the third quarter worth $340,000. Watts Gwilliam & Co. LLC acquired a new stake in Waste Management in the third quarter valued at $216,000. Finally, Tobam raised its stake in shares of Waste Management by 25.1% during the 3rd quarter. Tobam now owns 12,080 shares of the business services provider’s stock worth $2,508,000 after buying an additional 2,420 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 0.3 %

WM traded up $0.59 on Friday, reaching $211.83. 219,755 shares of the company’s stock were exchanged, compared to its average volume of 1,639,083. The company has a market cap of $84.96 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.37 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, Inc. has a twelve month low of $153.95 and a twelve month high of $225.00. The company’s 50 day moving average is $207.28 and its 200-day moving average is $208.48.

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

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WM shares. William Blair initiated coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Oppenheimer dropped their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. CIBC reduced their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets cut their price target on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Finally, Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective on the stock. Twelve 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.89.

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.