Advisors Management Group Inc. ADV Sells 71 Shares of Waste Management, Inc. (NYSE:WM)

Advisors Management Group Inc. ADV lowered its stake in Waste Management, Inc. (NYSE:WM) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,177 shares of the business services provider’s stock after selling 71 shares during the period. Advisors Management Group Inc. ADV’s holdings in Waste Management were worth $3,981,000 at the end of the most recent quarter.

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

Waste Management Stock Performance

Shares of WM opened at $218.45 on Thursday. The stock’s 50-day simple moving average is $209.76 and its 200 day simple moving average is $209.06. The stock has a market capitalization of $87.68 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $225.00. 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 (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The business 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%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. Research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Activity

In other Waste Management 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 value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. UBS Group boosted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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 for the company. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $226.11.

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.