AlphaCore Capital LLC Has $1.51 Million Stake in Waste Management, Inc. (NYSE:WM)

AlphaCore Capital LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 22.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,276 shares of the business services provider’s stock after purchasing an additional 1,310 shares during the period. AlphaCore Capital LLC’s holdings in Waste Management were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. 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 boosted its holdings in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Fairscale Capital LLC acquired a new position in Waste Management during the second quarter worth $39,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Waste Management during the second quarter worth $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Eleven 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 company. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Trading Up 1.3 %

NYSE WM opened at $221.53 on Friday. The company has a market cap of $88.92 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The business’s fifty day moving average is $212.52 and its 200 day moving average is $210.00. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.84.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion during 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 company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.32 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. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction 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 transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by 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.