Arete Wealth Advisors LLC Has $586,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Arete Wealth Advisors LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 26.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,826 shares of the business services provider’s stock after selling 1,007 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Waste Management were worth $586,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management boosted its position in 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 buying an additional 120 shares in the last quarter. Fairway Wealth LLC grew its position in Waste Management by 62.9% during the 2nd 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 last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the 2nd quarter worth about $36,000. Fairscale Capital LLC bought a new position in Waste Management in the second quarter valued at about $39,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of Waste Management by 51.8% during the third quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on 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 sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Performance

Shares of Waste Management stock opened at $214.47 on Friday. The business has a 50-day simple moving average of $217.44 and a 200 day simple moving average of $211.35. The firm has a market capitalization of $86.08 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.26 and a beta of 0.75. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a one year low of $173.01 and a one year high of $230.39.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WM shares. Argus raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. CIBC raised their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Monday. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.72.

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.