Raab & Moskowitz Asset Management LLC Decreases Stake in Waste Management, Inc. (NYSE:WM)

Raab & Moskowitz Asset Management LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,088 shares of the business services provider’s stock after selling 354 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Waste Management were worth $2,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aberdeen Wealth Management LLC increased its stake in Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after buying an additional 45 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 46 shares in the last quarter. ARS Wealth Advisors Group LLC raised its holdings in shares of Waste Management by 3.1% during the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after acquiring an additional 47 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 49 shares during the last quarter. Finally, Balboa Wealth Partners grew its stake in Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WM shares. Royal Bank of Canada lifted their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Argus boosted their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Truist Financial upped their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Monday. Ten 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.33.

Waste Management Stock Down 0.8 %

NYSE WM opened at $222.19 on Monday. Waste Management, Inc. has a twelve month low of $171.15 and a twelve month high of $230.39. The stock has a market cap of $89.18 billion, a PE ratio of 33.97, a PEG ratio of 2.34 and a beta of 0.75. The firm has a 50-day simple moving average of $216.94 and a 200 day simple moving average of $211.22. 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 announced its quarterly earnings data 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. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. On average, research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed 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 of this dividend 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 Waste Management 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 transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

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.