Retirement Guys Formula LLC Buys 356 Shares of Waste Management, Inc. (NYSE:WM)

Retirement Guys Formula LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,404 shares of the business services provider’s stock after purchasing an additional 356 shares during the period. Retirement Guys Formula LLC’s holdings in Waste Management were worth $707,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sustainable Growth Advisers LP acquired a new stake in shares of Waste Management in the first quarter valued at approximately $300,594,000. Capital World Investors grew its stake in shares of Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after buying an additional 1,303,466 shares during the last quarter. Swedbank AB bought a new stake in Waste Management during the 1st quarter worth $193,955,000. Wulff Hansen & CO. grew its position in Waste Management by 20,402.6% during the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after acquiring an additional 863,846 shares during the last quarter. Finally, AMF Tjanstepension AB grew its position in Waste Management by 85.6% during the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after acquiring an additional 720,358 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.6 %

Shares of Waste Management stock traded down $1.23 on Monday, reaching $211.52. The company had a trading volume of 366,676 shares, compared to its average volume of 1,618,457. The firm’s 50 day moving average price is $208.28 and its two-hundred day moving average price is $208.45. The firm has a market cap of $84.89 billion, a PE ratio of 33.82, a PEG ratio of 2.38 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $153.95 and a 52-week high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS. Sell-side analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 47.69%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent analyst reports. CIBC dropped their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Robert W. Baird reduced their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Truist Financial cut their price target on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.89.

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.