Frank Rimerman Advisors LLC Sells 210 Shares of Waste Management, Inc. (NYSE:WM)

Frank Rimerman Advisors LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.6% during the third quarter, Holdings Channel.com reports. The fund owned 7,833 shares of the business services provider’s stock after selling 210 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Waste Management were worth $1,626,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Hexagon Capital Partners LLC increased its holdings in Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management in the 2nd quarter valued at about $31,000. Fairway Wealth LLC increased its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 2nd quarter valued at about $36,000. Finally, Fairscale Capital LLC bought a new position in Waste Management in the 2nd quarter valued at about $39,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

Shares of WM stock opened at $206.80 on Friday. The firm has a market capitalization of $82.94 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The firm has a fifty day simple moving average of $208.77 and a two-hundred day simple moving average of $208.56. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12 month low of $160.90 and a 12 month high of $225.00.

Waste Management (NYSE:WM) last posted 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 firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 EPS. Analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed 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 1.45%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is 49.10%.

Analysts Set New Price Targets

WM has been the topic of several recent analyst reports. Robert W. Baird decreased their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Truist Financial reduced their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Finally, Oppenheimer cut their target price on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.89.

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.