Financial Futures Ltd Liability Co. Has $265,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Financial Futures Ltd Liability Co. lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,276 shares of the business services provider’s stock after selling 75 shares during the period. Financial Futures Ltd Liability Co.’s holdings in Waste Management were worth $265,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WM. Vicus Capital acquired a new stake in Waste Management in the 1st quarter valued at approximately $295,000. Trilogy Capital Inc. bought a new position in Waste Management during the first quarter worth $329,000. Breakwater Capital Group bought a new stake in shares of Waste Management in the first quarter valued at about $225,000. Compass Ion Advisors LLC acquired a new position in Waste Management in the 1st quarter valued at approximately $236,000. Finally, Diversified Trust Co grew its holdings in shares of Waste Management by 144.1% during the 1st quarter. Diversified Trust Co now owns 4,271 shares of the business services provider’s stock worth $911,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WM shares. Truist Financial lowered their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets decreased their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Oppenheimer reduced their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada lowered their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Finally, Robert W. Baird decreased their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Stock Performance

Shares of NYSE:WM traded up $1.21 during midday trading on Monday, hitting $208.01. The company had a trading volume of 817,586 shares, compared to its average volume of 1,607,450. 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 fifty day moving average of $208.77 and a two-hundred day moving average of $208.56. The company has a market cap of $83.48 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.29 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $161.60 and a 12-month high of $225.00.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. Waste Management’s payout ratio is presently 47.69%.

Waste Management 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.