Scott & Selber Inc. Sells 74 Shares of Waste Management, Inc. (NYSE:WM)

Scott & Selber Inc. trimmed its position in Waste Management, Inc. (NYSE:WM) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,334 shares of the business services provider’s stock after selling 74 shares during the period. Waste Management accounts for 1.1% of Scott & Selber Inc.’s investment portfolio, making the stock its 28th biggest position. Scott & Selber Inc.’s holdings in Waste Management were worth $3,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Waste Management during the second quarter worth about $31,000. Fairway Wealth LLC grew its stake in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Waste Management in the 2nd quarter worth $39,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management during the 2nd quarter worth $36,000. Finally, Hexagon Capital Partners LLC grew its position in Waste Management by 67.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM stock opened at $224.12 on Friday. The company’s fifty day moving average price is $210.21 and its 200-day moving average price is $209.26. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.36. The company has a market capitalization of $89.96 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. 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 issued its quarterly earnings results 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 firm had revenue of $5.61 billion for 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 company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WM. Oppenheimer increased their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

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.