Waste Management, Inc. (NYSE:WM) Shares Sold by Woodmont Investment Counsel LLC

by · The Cerbat Gem

Woodmont Investment Counsel LLC cut its position in Waste Management, Inc. (NYSE:WM – Free Report) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,439 shares of the business services provider’s stock after selling 320 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Waste Management were worth $3,205,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of Waste Management in the 1st quarter valued at $418,000. Advisory Alpha LLC increased its stake in Waste Management by 1.8% in the first quarter. Advisory Alpha LLC now owns 4,707 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 81 shares during the period. Advisory Services Network LLC raised its holdings in shares of Waste Management by 3.3% in the first quarter. Advisory Services Network LLC now owns 22,025 shares of the business services provider’s stock valued at $4,695,000 after buying an additional 698 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Waste Management during the first quarter worth about $1,116,000. Finally, Empirical Finance LLC increased its position in Waste Management by 3.4% in the 1st quarter. Empirical Finance LLC now owns 13,610 shares of the business services provider’s stock valued at $2,901,000 after acquiring an additional 442 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WM. William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Get Our Latest Stock Analysis on WM

Waste Management Trading Up 1.2 %

Shares of WM stock opened at $218.45 on Thursday. The stock has a market cap of $87.68 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.26 and a beta of 0.74. 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 fifty-two week low of $168.73 and a fifty-two week high of $225.00. The business has a fifty day simple moving average of $209.76 and a 200-day simple moving average of $209.06.

Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the 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 sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Waste Management Profile

(Free Report)

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.

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