Waste Management, Inc. (NYSE:WM) Stock Holdings Lessened by Creative Planning

Creative Planning lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,368 shares of the business services provider’s stock after selling 690 shares during the period. Creative Planning’s holdings in Waste Management were worth $27,687,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WM. Hexagon Capital Partners LLC lifted its holdings in shares of Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the second quarter valued at $31,000. Opal Wealth Advisors LLC bought a new position in shares of Waste Management during the first quarter worth about $35,000. Fairway Wealth LLC lifted its position in Waste Management by 62.9% in 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 last quarter. Finally, Fairscale Capital LLC acquired a new position in Waste Management during the 2nd quarter valued at about $39,000. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WM. Royal Bank of Canada cut their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. William Blair started coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Truist Financial reduced their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, BMO Capital Markets lowered their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Price Performance

NYSE WM opened at $212.75 on Monday. 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 1 year low of $153.95 and a 1 year high of $225.00. The company has a market cap of $85.38 billion, a PE ratio of 33.82, a PEG ratio of 2.38 and a beta of 0.74. The stock’s 50-day moving average price is $208.28 and its two-hundred day moving average price is $208.45.

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. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s dividend payout ratio is 47.69%.

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.