Clear Creek Financial Management LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Clear Creek Financial Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,320 shares of the business services provider’s stock after buying an additional 557 shares during the period. Clear Creek Financial Management LLC’s holdings in Waste Management were worth $1,312,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the 2nd quarter valued at approximately $31,000. Fairway Wealth LLC increased its holdings 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. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the second quarter valued at approximately $36,000. Fairscale Capital LLC acquired a new position in Waste Management during the second quarter worth $39,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.9 %

Shares of NYSE:WM opened at $213.99 on Monday. The firm has a 50 day simple moving average of $209.34 and a 200-day simple moving average of $208.87. Waste Management, Inc. has a twelve month low of $162.34 and a twelve month high of $225.00. The company has a current ratio of 0.89, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $85.89 billion, a PE ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, equities analysts predict that Waste Management, Inc. will post 7.28 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WM shares. Argus boosted their price objective on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. UBS Group increased their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.05.

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.