Waste Management, Inc. (NYSE:WM) Shares Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its position in Waste Management, Inc. (NYSE:WM) by 20.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,643 shares of the business services provider’s stock after purchasing an additional 278 shares during the period. Pure Financial Advisors LLC’s holdings in Waste Management were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. New Covenant Trust Company N.A. boosted its position in Waste Management by 18.4% during the 3rd quarter. New Covenant Trust Company N.A. now owns 1,319 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 205 shares during the period. Clear Creek Financial Management LLC increased its holdings in shares of Waste Management by 9.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 6,320 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 557 shares during the period. Lmcg Investments LLC boosted its stake in Waste Management by 21.1% during the 3rd quarter. Lmcg Investments LLC now owns 10,483 shares of the business services provider’s stock valued at $2,176,000 after purchasing an additional 1,828 shares during the period. First Interstate Bank grew its position in Waste Management by 20.6% in the 3rd quarter. First Interstate Bank now owns 1,205 shares of the business services provider’s stock worth $250,000 after purchasing an additional 206 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Waste Management by 11.3% during the third quarter. Chicago Partners Investment Group LLC now owns 8,581 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 873 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

NYSE WM opened at $213.99 on Monday. The firm has a market capitalization of $85.89 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 1.03. The company 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 52-week low of $162.34 and a 52-week high of $225.00.

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

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is presently 45.87%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Argus raised their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. CIBC boosted their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on Waste Management from $224.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eleven investment 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 company’s stock. According to data from MarketBeat, Waste Management presently 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.