Waste Management, Inc. (NYSE:WM) Shares Purchased by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,020 shares of the business services provider’s stock after acquiring an additional 363 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Waste Management were worth $1,457,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter valued at approximately $35,000. Fairway Wealth LLC grew its position in Waste Management by 62.9% in the second 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 period. Finally, Fairscale Capital LLC acquired a new stake in Waste Management during the second quarter worth $39,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of NYSE:WM opened at $208.68 on Wednesday. Waste Management, Inc. has a 12 month low of $153.95 and a 12 month high of $225.00. The firm has a market capitalization of $83.75 billion, a P/E ratio of 34.15, a P/E/G 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. The company’s fifty day moving average price is $206.99 and its 200 day moving average price is $208.43.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $5.40 billion during 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 EPS. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management’s payout ratio is 49.10%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WM. William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Royal Bank of Canada decreased their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Robert W. Baird dropped their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Erste Group Bank restated a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. Finally, CIBC decreased their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $218.89.

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.