Waste Management, Inc. (NYSE:WM) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 1.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,043 shares of the business services provider’s stock after selling 162 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Waste Management were worth $2,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trium Capital LLP grew its stake in Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after buying an additional 3,029 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its position in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after acquiring an additional 3,145 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after purchasing an additional 5,367 shares during the period. Norden Group LLC purchased a new position in Waste Management during the 1st quarter worth $7,146,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Waste Management by 417.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $208.32 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The company’s 50-day moving average price is $208.81 and its 200 day moving average price is $208.58. Waste Management, Inc. has a 52 week low of $161.60 and a 52 week high of $225.00. The stock has a market cap of $83.60 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 2.29 and a beta of 0.74.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.75 per share. 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 1.44%. Waste Management’s dividend payout ratio (DPR) is 47.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer dropped their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Truist Financial cut their price target on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Royal Bank of Canada lowered their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, CIBC lowered their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management 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.