Waste Management, Inc. (NYSE:WM) Shares Purchased by IMS Capital Management

IMS Capital Management increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,447 shares of the business services provider’s stock after purchasing an additional 102 shares during the quarter. IMS Capital Management’s holdings in Waste Management were worth $923,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Aberdeen Wealth Management LLC grew its stake in shares of Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after buying an additional 46 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after buying an additional 49 shares during the last quarter. Balboa Wealth Partners grew its holdings in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the last quarter. Finally, GYL Financial Synergies LLC increased its position in Waste Management by 3.8% during the second 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 period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated 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 $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Trading Down 1.3 %

NYSE:WM opened at $208.92 on Wednesday. The company’s 50 day moving average price is $217.79 and its 200-day moving average price is $211.51. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52 week low of $175.01 and a 52 week high of $230.39. The stock has a market cap of $83.85 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.36 and a beta of 0.75.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WM. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $230.72.

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.