Waste Management, Inc. (NYSE:WM) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,752 shares of the business services provider’s stock after buying an additional 259 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Waste Management were worth $2,647,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC raised its position in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $36,000. Fairscale Capital LLC purchased a new position in shares of Waste Management in the 2nd quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC boosted its position in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.5 %

Shares of WM opened at $224.78 on Wednesday. The company’s 50-day simple moving average is $210.44 and its 200-day simple moving average is $209.33. 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, Inc. has a 1 year low of $168.73 and a 1 year high of $226.50. The stock has a market capitalization of $90.22 billion, a PE ratio of 34.37, a P/E/G ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.35% and a return on equity of 39.88%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. Analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WM shares. Robert W. Baird decreased their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. CIBC boosted their price objective on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eleven 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 stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus 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.