Waste Management, Inc. (NYSE:WM) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its position in shares of Waste Management, Inc. (NYSE:WM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,445 shares of the business services provider’s stock after selling 106 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Waste Management were worth $1,961,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC increased its position in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management during the 1st quarter valued at $35,000. Fairway Wealth LLC increased its position 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 valued at $36,000 after purchasing an additional 66 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of Waste Management during the 2nd quarter valued at $39,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.3 %

Shares of NYSE WM opened at $211.81 on Friday. The stock has a market cap of $85.00 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.36 and a beta of 0.74. The business has a 50 day simple moving average of $207.37 and a 200 day simple moving average of $208.45. Waste Management, Inc. has a 52 week low of $153.95 and a 52 week high of $225.00. 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 (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. On average, research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. Waste Management’s payout ratio is 47.69%.

Analyst Upgrades and Downgrades

WM has been the subject of several research reports. Truist Financial reduced their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. William Blair initiated coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Robert W. Baird reduced their price objective 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. Finally, CIBC reduced their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.