Waste Management, Inc. (NYSE:WM) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,273 shares of the business services provider’s stock after selling 132 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Waste Management were worth $5,605,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WM. Hexagon Capital Partners LLC boosted 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 valued at $25,000 after buying an additional 75 shares during the period. Sachetta LLC acquired a new position in shares of Waste Management in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management in the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at about $35,000. Finally, Fairway Wealth LLC boosted its holdings in shares of 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 buying an additional 66 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock opened at $201.85 on Thursday. The firm’s 50 day simple moving average is $208.87 and its 200-day simple moving average is $208.73. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The company has a market cap of $81.01 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 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 firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management’s payout ratio is presently 49.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price objective on the stock. CIBC cut their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Truist Financial cut their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, BMO Capital Markets cut their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $215.83.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

About Waste Management

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.