Mine & Arao Wealth Creation & Management LLC. Acquires 976 Shares of Waste Management, Inc. (NYSE:WM)

Mine & Arao Wealth Creation & Management LLC. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 64.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,484 shares of the business services provider’s stock after acquiring an additional 976 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Waste Management were worth $516,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ARS Wealth Advisors Group LLC lifted its stake in Waste Management by 3.1% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares in the last quarter. Cypress Asset Management Inc. TX boosted its stake in Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock valued at $907,000 after buying an additional 50 shares during the last quarter. GYL Financial Synergies LLC increased its stake in Waste Management by 3.8% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares during the last quarter. Finally, Aries Wealth Management raised its holdings in shares of Waste Management by 0.6% during the 2nd quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Argus boosted their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target for the company. Truist Financial boosted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their price objective on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Waste Management Price Performance

Shares of WM stock opened at $220.44 on Friday. The company has a market capitalization of $88.48 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.31 and a beta of 0.74. The company’s 50-day simple moving average is $209.76 and its two-hundred day simple moving average is $209.06. Waste Management, Inc. has a one year low of $168.73 and a one year high of $225.00. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last issued its earnings results 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 return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 EPS. Waste Management’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s payout ratio is 45.87%.

Insider Buying and Selling at Waste Management

In other 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 transaction 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Waste Management Company 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.