Northwest Investment Counselors LLC Increases Position in Waste Management, Inc. (NYSE:WM)

Northwest Investment Counselors LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,870 shares of the business services provider’s stock after purchasing an additional 58 shares during the period. Northwest Investment Counselors LLC’s holdings in Waste Management were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. Retirement Guys Formula LLC grew its holdings in Waste Management by 11.7% in the third quarter. Retirement Guys Formula LLC now owns 3,404 shares of the business services provider’s stock worth $707,000 after purchasing an additional 356 shares during the period. Little House Capital LLC raised its position in Waste Management by 10.3% in the third quarter. Little House Capital LLC now owns 10,193 shares of the business services provider’s stock worth $2,116,000 after acquiring an additional 949 shares during the period. Toth Financial Advisory Corp raised its position in Waste Management by 5.0% in the third quarter. Toth Financial Advisory Corp now owns 15,425 shares of the business services provider’s stock worth $3,202,000 after acquiring an additional 734 shares during the period. Penn Davis Mcfarland Inc. bought a new stake in shares of Waste Management during the 3rd quarter valued at $12,047,000. Finally, Vest Financial LLC raised its position in shares of Waste Management by 201.0% during the 3rd quarter. Vest Financial LLC now owns 9,504 shares of the business services provider’s stock valued at $1,973,000 after purchasing an additional 6,347 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Truist Financial reduced their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. CIBC dropped their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. Finally, Robert W. Baird reduced their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $218.89.

Waste Management Trading Down 0.7 %

Shares of Waste Management stock traded down $1.59 on Monday, hitting $211.16. 384,764 shares of the company’s stock traded hands, compared to its average volume of 1,618,546. The company has a fifty day moving average of $208.28 and a two-hundred day moving average of $208.45. Waste Management, Inc. has a one year low of $153.95 and a one year high of $225.00. 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 company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current 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 paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. Waste Management’s dividend payout ratio is presently 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.