Delos Wealth Advisors LLC Decreases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Delos Wealth Advisors LLC lowered its position in Waste Management, Inc. (NYSE:WM) by 17.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 668 shares of the business services provider’s stock after selling 143 shares during the period. Delos Wealth Advisors LLC’s holdings in Waste Management were worth $143,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Waste Management by 64.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,767 shares of the business services provider’s stock valued at $561,000 after buying an additional 1,084 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Waste Management during the second quarter valued at about $39,000. Itau Unibanco Holding S.A. purchased a new position in shares of Waste Management in the 2nd quarter valued at approximately $79,000. 1832 Asset Management L.P. boosted its stake in Waste Management by 40.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 29,584 shares of the business services provider’s stock worth $6,311,000 after purchasing an additional 8,448 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in Waste Management by 53,520.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,043 shares of the business services provider’s stock valued at $1,716,000 after purchasing an additional 8,028 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $204.10 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00. The business’s 50 day moving average is $208.53 and its two-hundred day moving average is $208.69. The company has a market capitalization of $81.86 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.33 and a beta of 0.74.

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

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management’s dividend payout ratio is presently 49.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a report on Friday, June 14th. 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. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. BMO Capital Markets reduced their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 1,500 shares of the firm’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 transaction, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.