United Advisor Group LLC Increases Holdings in Waste Management, Inc. (NYSE:WM)

United Advisor Group LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,198 shares of the business services provider’s stock after purchasing an additional 259 shares during the period. United Advisor Group LLC’s holdings in Waste Management were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc increased its position in shares of Waste Management by 7.6% during the third quarter. Impax Asset Management Group plc now owns 1,741,090 shares of the business services provider’s stock valued at $361,450,000 after acquiring an additional 122,696 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in shares of Waste Management by 14.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 143,739 shares of the business services provider’s stock worth $29,840,000 after acquiring an additional 17,691 shares during the period. World Equity Group Inc. boosted its holdings in shares of Waste Management by 3.8% during the 3rd quarter. World Equity Group Inc. now owns 1,363 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 50 shares during the last quarter. TKG Advisors LLC increased its position in Waste Management by 5.8% in the third quarter. TKG Advisors LLC now owns 10,494 shares of the business services provider’s stock worth $2,179,000 after purchasing an additional 576 shares during the last quarter. Finally, National Pension Service raised its position in Waste Management by 15.9% during the third quarter. National Pension Service now owns 767,577 shares of the business services provider’s stock valued at $159,349,000 after purchasing an additional 105,466 shares during the period. 80.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WM. CIBC lifted their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Truist Financial increased their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their price target on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Waste Management Price Performance

Waste Management stock opened at $218.45 on Thursday. The company’s 50 day moving average is $209.76 and its two-hundred day moving average is $209.06. The firm has a market cap of $87.68 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $225.00.

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

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 45.87%.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction 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 approximately $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

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.