Mission Creek Capital Partners Inc. Sells 74 Shares of Waste Management, Inc. (NYSE:WM)

Mission Creek Capital Partners Inc. reduced its stake in Waste Management, Inc. (NYSE:WM) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,607 shares of the business services provider’s stock after selling 74 shares during the period. Waste Management comprises 1.0% of Mission Creek Capital Partners Inc.’s investment portfolio, making the stock its 26th largest position. Mission Creek Capital Partners Inc.’s holdings in Waste Management were worth $4,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Waste Management in the 2nd quarter worth $31,000. Mather Group LLC. grew its stake in shares of Waste Management by 92.3% in the second quarter. Mather Group LLC. now owns 1,825 shares of the business services provider’s stock worth $389,000 after purchasing an additional 876 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Waste Management by 3.4% during the 2nd quarter. Park Avenue Securities LLC now owns 4,629 shares of the business services provider’s stock valued at $988,000 after purchasing an additional 151 shares during the period. Simplicity Wealth LLC raised its position in Waste Management by 0.9% during the 2nd quarter. Simplicity Wealth LLC now owns 20,107 shares of the business services provider’s stock valued at $4,290,000 after purchasing an additional 182 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in shares of Waste Management by 1.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 29,333 shares of the business services provider’s stock worth $6,258,000 after buying an additional 536 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WM. Morgan Stanley upped their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.94.

Waste Management Trading Down 0.0 %

NYSE:WM opened at $225.01 on Wednesday. The company’s 50 day moving average price is $215.88 and its 200-day moving average price is $210.90. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52 week low of $171.15 and a 52 week high of $230.39. The stock has a market cap of $90.31 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.37 and a beta of 0.75.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

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.