Nvwm LLC Has $1.79 Million Stake in Waste Management, Inc. (NYSE:WM)

Nvwm LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,608 shares of the business services provider’s stock after purchasing an additional 349 shares during the period. Nvwm LLC’s holdings in Waste Management were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WM. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management in the second quarter valued at approximately $31,000. Fairway Wealth LLC lifted its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd quarter worth $36,000. Fairscale Capital LLC bought a new position in shares of Waste Management in the second quarter worth $39,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after purchasing an additional 80 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.9 %

NYSE WM traded down $1.86 on Friday, reaching $213.99. The company had a trading volume of 1,267,741 shares, compared to its average volume of 1,302,040. The firm has a market cap of $85.89 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a fifty-two week low of $162.34 and a fifty-two week high of $225.00. The business has a 50 day moving average of $209.34 and a two-hundred day moving average of $208.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 1.03.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Analysts forecast that Waste Management, Inc. will post 7.28 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analysts Set New Price Targets

WM has been the subject of several analyst reports. William Blair began coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Morgan Stanley boosted their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday. CIBC raised their target price on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.05.

About Waste Management

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.