Total Clarity Wealth Management Inc. Has $358,000 Holdings in Waste Management, Inc. (NYSE:WM)

Total Clarity Wealth Management Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,678 shares of the business services provider’s stock after purchasing an additional 68 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Waste Management were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its position in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management during the second quarter worth about $31,000. Sachetta LLC bought a new stake in Waste Management in the 4th quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management during the 1st quarter worth approximately $35,000. Finally, DSM Capital Partners LLC bought a new position in shares of Waste Management during the fourth quarter worth approximately $38,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. Robert W. Baird cut their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets dropped their price target on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Oppenheimer reduced their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Royal Bank of Canada cut their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $215.83.

Waste Management Stock Performance

Waste Management stock opened at $208.36 on Tuesday. The business has a 50 day moving average of $209.19 and a 200-day moving average of $208.80. The company has a market capitalization of $83.57 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.33 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WM) last posted 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 business had revenue of $5.40 billion during 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%. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. On average, equities research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Activity at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

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.