Detalus Advisors LLC Decreases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Detalus Advisors LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 1.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,645 shares of the business services provider’s stock after selling 101 shares during the period. Detalus Advisors LLC’s holdings in Waste Management were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WM. Trium Capital LLP lifted its holdings in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after acquiring an additional 3,029 shares during the last quarter. Pinkerton Retirement Specialists LLC lifted its stake in Waste Management by 18.6% in the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after purchasing an additional 3,145 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Waste Management by 8.8% during the first quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock valued at $161,000 after buying an additional 61 shares during the period. Norden Group LLC bought a new position in shares of Waste Management during the first quarter valued at approximately $7,146,000. Finally, Aspiriant LLC raised its holdings in shares of Waste Management by 4.5% in the first quarter. Aspiriant LLC now owns 2,226 shares of the business services provider’s stock worth $474,000 after buying an additional 96 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

Shares of NYSE:WM traded up $0.26 during midday trading on Wednesday, hitting $211.31. The company’s stock had a trading volume of 276,983 shares, compared to its average volume of 1,611,639. Waste Management, Inc. has a 12-month low of $153.95 and a 12-month high of $225.00. The company has a market cap of $84.75 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The business’s 50 day simple moving average is $208.59 and its 200 day simple moving average is $208.52.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. On average, analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 49.10%.

Analyst Ratings Changes

A number of research firms have recently commented on WM. Oppenheimer cut their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada dropped their target price on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets decreased their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. William Blair started coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Scotiabank started coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.