Guardian Wealth Management Inc. Buys 120 Shares of Waste Management, Inc. (NYSE:WM)

Guardian Wealth Management Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,668 shares of the business services provider’s stock after acquiring an additional 120 shares during the quarter. Waste Management accounts for approximately 2.1% of Guardian Wealth Management Inc.’s portfolio, making the stock its 15th largest holding. Guardian Wealth Management Inc.’s holdings in Waste Management were worth $3,045,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC boosted its stake in Waste Management by 12.6% in the second quarter. D.B. Root & Company LLC now owns 1,342 shares of the business services provider’s stock worth $286,000 after buying an additional 150 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Waste Management by 5.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,808 shares of the business services provider’s stock valued at $4,226,000 after purchasing an additional 998 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Waste Management by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 5,186 shares of the business services provider’s stock valued at $1,108,000 after purchasing an additional 288 shares during the last quarter. Burke & Herbert Bank & Trust Co. raised its position in Waste Management by 592.0% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 16,920 shares of the business services provider’s stock worth $3,610,000 after purchasing an additional 14,475 shares during the period. Finally, Ameliora Wealth Management Ltd. lifted its stake in Waste Management by 994.7% in the second quarter. Ameliora Wealth Management Ltd. now owns 13,684 shares of the business services provider’s stock worth $2,919,000 after purchasing an additional 12,434 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.8 %

Shares of NYSE:WM opened at $222.19 on Monday. The stock has a fifty day simple moving average of $216.94 and a two-hundred day simple moving average of $211.22. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $89.18 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.34 and a beta of 0.75. Waste Management, Inc. has a 12-month low of $171.15 and a 12-month high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is presently 45.87%.

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. CIBC lifted their price objective on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Oppenheimer lifted their price target on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. 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 on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $229.33.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s 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 completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

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.