Waste Management, Inc. $WM Stock: Capital Investment Advisors LLC Increases Stake

Capital Investment Advisors LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 652.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,754 shares of the business services provider’s stock after purchasing an additional 72,620 shares during the quarter. Capital Investment Advisors LLC’s holdings in Waste Management were worth $17,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Main Street Group LTD purchased a new stake in shares of Waste Management during the 1st quarter valued at about $31,000. Cape Investment Advisory Inc. purchased a new position in Waste Management in the second quarter worth about $36,000. Markowski Investments purchased a new stake in Waste Management during the second quarter valued at approximately $38,000. Bogart Wealth LLC lifted its stake in shares of Waste Management by 93.5% in the 1st quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 87 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of Waste Management in the 2nd quarter worth approximately $41,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of several analyst reports. Wolfe Research assumed coverage on shares of Waste Management in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. JPMorgan Chase & Co. dropped their price objective on Waste Management from $270.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Stifel Nicolaus upped their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Oppenheimer reduced their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.06.

Insider Transactions at Waste Management

In other Waste Management news, CAO John Carroll sold 1,365 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at $771,629.10. This trade represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM opened at $239.47 on Friday. The company has a market capitalization of $95.72 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 3.05 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The business’s fifty day simple moving average is $216.88 and its 200-day simple moving average is $222.33.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.09 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.9450 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s payout ratio is currently 53.54%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.