McIlrath & Eck LLC Grows Holdings in Waste Management, Inc. (NYSE:WM)

McIlrath & Eck LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,706 shares of the business services provider’s stock after purchasing an additional 84 shares during the quarter. McIlrath & Eck LLC’s holdings in Waste Management were worth $2,638,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WM. Aberdeen Wealth Management LLC raised its holdings in shares of Waste Management by 1.1% during the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after acquiring an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 46 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its stake in shares of Waste Management by 3.1% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 47 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares during the period. Finally, Balboa Wealth Partners raised its stake in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 49 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Stock Performance

NYSE WM opened at $216.00 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s fifty day moving average is $217.14 and its two-hundred day moving average is $211.27. The firm has a market capitalization of $86.70 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75. Waste Management, Inc. has a fifty-two week low of $172.30 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 EPS. On average, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

Wall Street Analyst Weigh In

WM has been the subject of a number of recent analyst reports. Argus boosted their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Monday. Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. Finally, William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $229.33.

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.