Bard Financial Services Inc. Has $442,000 Position in Waste Management, Inc. (NYSE:WM)

Bard Financial Services Inc. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 96.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,130 shares of the business services provider’s stock after selling 51,030 shares during the quarter. Bard Financial Services Inc.’s holdings in Waste Management were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its position in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the second quarter worth $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Waste Management during the first quarter valued at approximately $35,000. Fairway Wealth LLC increased its stake in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management during the second quarter valued at approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Scotiabank initiated coverage on shares of Waste Management in a report on Friday. They set a “sector perform” rating and a $220.00 target price for the company. BMO Capital Markets cut 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 report on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, William Blair initiated coverage on shares of Waste Management in a report on Thursday. They set an “outperform” rating for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.89.

Insider Activity

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the company’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 transaction of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.5 %

Shares of Waste Management stock traded down $1.00 during midday trading on Friday, reaching $208.09. 985,160 shares of the company’s stock traded hands, compared to its average volume of 1,652,823. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The company has a market cap of $83.51 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. The stock has a 50 day moving average of $206.74 and a 200-day moving average of $208.52. Waste Management, Inc. has a 12 month low of $152.90 and a 12 month high of $225.00.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’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 earnings per share. As a group, equities analysts expect that Waste Management, Inc. will post 7.24 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. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 49.10%.

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.