Fidelis Capital Partners LLC Has $1.10 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Fidelis Capital Partners LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,357 shares of the business services provider’s stock after selling 357 shares during the period. Fidelis Capital Partners LLC’s holdings in Waste Management were worth $1,097,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake in shares of Waste Management by 170.5% in the first 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management in the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Waste Management in the 1st quarter worth approximately $35,000. Fairway Wealth LLC grew its holdings in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $38,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were 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 of the company’s stock, valued at approximately $9,711,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of recent research reports. Erste Group Bank reiterated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Oppenheimer cut their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Robert W. Baird lowered their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, BMO Capital Markets cut their target price on 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. Eleven 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.

Waste Management Trading Down 0.3 %

WM opened at $204.10 on Monday. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00. The firm has a 50-day moving average price of $208.53 and a two-hundred day moving average price of $208.70. The stock has a market capitalization of $81.86 billion, a PE ratio of 33.40, a PEG ratio of 2.33 and a beta of 0.74. 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 (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The firm had revenue of $5.40 billion during 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%. Waste Management’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

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.