Waste Management, Inc. (NYSE:WM) is TLW Wealth Management LLC’s 9th Largest Position

TLW Wealth Management LLC lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,605 shares of the business services provider’s stock after selling 62 shares during the quarter. Waste Management accounts for 6.9% of TLW Wealth Management LLC’s portfolio, making the stock its 9th largest position. TLW Wealth Management LLC’s holdings in Waste Management were worth $11,544,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Waste Management in the second quarter valued at approximately $31,000. Fairway Wealth LLC lifted its stake in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter valued at $36,000. Fairscale Capital LLC acquired a new stake in shares of Waste Management in the second quarter worth $39,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. Scotiabank started coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Morgan Stanley boosted their target price on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Stock Up 0.5 %

NYSE WM opened at $224.78 on Wednesday. The business has a fifty day moving average price of $210.75 and a 200 day moving average price of $209.43. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $90.22 billion, a P/E ratio of 34.37, a P/E/G ratio of 2.36 and a beta of 0.74. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.50.

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. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend 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.