Frank Rimerman Advisors LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) 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 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.
Read Our Latest Research Report on Waste Management
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.
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