AlphaMark Advisors LLC Sells 842 Shares of Waste Management, Inc. (NYSE:WM)

AlphaMark Advisors LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,055 shares of the business services provider’s stock after selling 842 shares during the period. AlphaMark Advisors LLC’s holdings in Waste Management were worth $1,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Waste Management by 18.4% during the fourth quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock worth $55,990,000 after acquiring an additional 48,549 shares in the last quarter. Trium Capital LLP raised its stake in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares during the last quarter. Pinkerton Retirement Specialists LLC lifted its holdings in shares of Waste Management by 18.6% in the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after purchasing an additional 3,145 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Waste Management by 8.8% during the first quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock worth $161,000 after buying an additional 61 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in Waste Management in the 1st quarter valued at $7,146,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $213.08 on Friday. The business’s fifty day moving average is $208.13 and its 200 day moving average is $208.49. The firm has a market cap of $85.51 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 net margin of 12.13% and a return on equity of 39.52%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. Research analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.41%. Waste Management’s payout ratio is currently 47.69%.

Analysts Set New Price Targets

A number of research firms have issued reports on WM. Truist Financial cut their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. CIBC reduced their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. BMO Capital Markets decreased their price target 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. Finally, Robert W. Baird cut their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.89.

About Waste Management

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.