Seamount Financial Group Inc. Trims Position in Waste Management, Inc. (NYSE:WM)

Seamount Financial Group Inc. decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,720 shares of the business services provider’s stock after selling 100 shares during the period. Seamount Financial Group Inc.’s holdings in Waste Management were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WM. ARS Wealth Advisors Group LLC raised its position 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 valued at $336,000 after buying an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in Waste Management by 29.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in Waste Management by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after purchasing an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX boosted its holdings in shares of Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock valued at $907,000 after purchasing an additional 50 shares during the last quarter. Finally, GYL Financial Synergies LLC increased its holdings in shares of Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.2 %

Shares of NYSE WM opened at $212.75 on Friday. The stock has a market capitalization of $85.33 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12-month low of $153.95 and a 12-month high of $225.00. The stock’s fifty day simple moving average is $208.28 and its two-hundred day simple moving average is $208.47.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. As a group, analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The company 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 yield of 1.41%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 49.10%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WM. CIBC cut their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Finally, Oppenheimer dropped their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. 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. According to data from MarketBeat.com, Waste Management has a consensus 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.