IVC Wealth Advisors LLC Decreases Holdings in Waste Management, Inc. (NYSE:WM)

IVC Wealth Advisors LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,060 shares of the business services provider’s stock after selling 1,184 shares during the period. IVC Wealth Advisors LLC’s holdings in Waste Management were worth $1,051,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vicus Capital purchased a new position in shares of Waste Management in the first quarter worth $295,000. Trilogy Capital Inc. purchased a new position in shares of Waste Management in the first quarter valued at about $329,000. Breakwater Capital Group bought a new position in shares of Waste Management during the first quarter valued at about $225,000. Compass Ion Advisors LLC bought a new stake in shares of Waste Management in the first quarter worth about $236,000. Finally, Diversified Trust Co increased its holdings in Waste Management by 144.1% during the 1st quarter. Diversified Trust Co now owns 4,271 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 2,521 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. William Blair began coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Royal Bank of Canada cut their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. 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 objective for the company. Truist Financial cut their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Finally, StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $218.89.

Waste Management Trading Down 1.0 %

Shares of Waste Management stock opened at $206.80 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The stock has a market capitalization of $82.99 billion, a PE ratio of 32.88, a P/E/G ratio of 2.29 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $160.90 and a 1-year high of $225.00. The company’s fifty day simple moving average is $208.77 and its 200-day simple moving average is $208.56.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 47.69%.

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.