Waste Management, Inc. (NYSE:WM) Shares Sold by Capital Investment Advisors LLC

Posted by Defense World Staff on Jun 21st, 2023

Capital Investment Advisors LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,926 shares of the business services provider’s stock after selling 342 shares during the period. Capital Investment Advisors LLC’s holdings in Waste Management were worth $1,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Financial Group LLC acquired a new position in Waste Management during the fourth quarter worth $31,000. State of Wyoming acquired a new position in shares of Waste Management in the 4th quarter valued at $34,000. Ruedi Wealth Management Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at $39,000. AXS Investments LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $42,000. Finally, TD Capital Management LLC lifted its stake in shares of Waste Management by 36.6% in the 4th quarter. TD Capital Management LLC now owns 280 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WM. BMO Capital Markets upped their price target on Waste Management from $158.00 to $167.00 in a research note on Thursday, April 6th. Citigroup increased their target price on Waste Management from $180.00 to $186.00 in a research note on Sunday, April 30th. Morgan Stanley increased their target price on Waste Management from $179.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 6th. StockNews.com initiated coverage on Waste Management in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Finally, TD Cowen initiated coverage on Waste Management in a research note on Thursday, March 30th. They set an “outperform” rating and a $200.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.64.

Waste Management Price Performance

Shares of NYSE WM opened at $164.86 on Wednesday. The stock’s 50-day moving average is $165.05 and its two-hundred day moving average is $159.14. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.87 and a quick ratio of 0.83. Waste Management, Inc. has a 1-year low of $141.17 and a 1-year high of $175.98. The company has a market cap of $67.07 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

Waste Management (NYSE:WM – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.02. Waste Management had a return on equity of 33.23% and a net margin of 11.33%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Waste Management, Inc. will post 6.03 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were issued a $0.70 dividend. The ex-dividend date was Thursday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.70%. Waste Management’s payout ratio is currently 51.28%.

Waste Management Profile

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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.