Hamilton Point Investment Advisors LLC Sells 389 Shares of Waste Management, Inc. (NYSE:WM)

Hamilton Point Investment Advisors LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,754 shares of the business services provider’s stock after selling 389 shares during the quarter. Waste Management comprises about 1.4% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 23rd largest position. Hamilton Point Investment Advisors LLC’s holdings in Waste Management were worth $7,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Waste Management during the first quarter worth about $67,000. CreativeOne Wealth LLC increased its position in Waste Management by 33.9% during the 1st quarter. CreativeOne Wealth LLC now owns 1,752 shares of the business services provider’s stock worth $373,000 after purchasing an additional 444 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Waste Management by 4.3% in the 1st quarter. 1832 Asset Management L.P. now owns 21,136 shares of the business services provider’s stock valued at $4,505,000 after purchasing an additional 865 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Waste Management by 2.9% during the first quarter. Kestra Advisory Services LLC now owns 66,743 shares of the business services provider’s stock worth $14,226,000 after buying an additional 1,888 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Waste Management by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 532,819 shares of the business services provider’s stock worth $113,571,000 after buying an additional 18,429 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $224.41 on Friday. The stock has a market cap of $90.07 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.33 and a beta of 0.74. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $226.84. The firm’s 50-day simple moving average is $212.84 and its 200 day simple moving average is $210.10. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird cut their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. CIBC raised their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.11.

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.