Horan Capital Advisors LLC. Has $400,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Horan Capital Advisors LLC. lowered its stake in Waste Management, Inc. (NYSE:WM) by 6.1% during the third quarter, Holdings Channel.com reports. The fund owned 1,929 shares of the business services provider’s stock after selling 125 shares during the period. Horan Capital Advisors LLC.’s holdings in Waste Management were worth $400,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WM. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC increased its holdings in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Waste Management during the second quarter worth $36,000. Fairscale Capital LLC acquired a new stake in Waste Management in the second quarter valued at $39,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 80 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. CIBC boosted their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada raised their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

WM opened at $218.31 on Tuesday. 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 52-week low of $168.73 and a 52-week high of $226.84. The firm has a market cap of $87.62 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The business’s fifty day moving average is $211.80 and its 200-day moving average is $209.78.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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 firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. Sell-side analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.37%. Waste Management’s dividend payout ratio is currently 45.87%.

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.