Capital Advisors Inc. OK Acquires 5,178 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Inc. OK boosted its holdings in Waste Management, Inc. (NYSE:WM) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,536 shares of the business services provider’s stock after buying an additional 5,178 shares during the period. Capital Advisors Inc. OK’s holdings in Waste Management were worth $32,082,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ARS Wealth Advisors Group LLC raised its position in Waste Management by 3.1% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after buying an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after purchasing an additional 49 shares in the last quarter. Cypress Asset Management Inc. TX boosted its holdings in Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after purchasing an additional 50 shares during the last quarter. GYL Financial Synergies LLC grew its position in Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 50 shares in the last quarter. Finally, Aries Wealth Management increased its stake in Waste Management by 0.6% in the 2nd quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock valued at $1,873,000 after buying an additional 50 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group lifted their target price on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday. Scotiabank began coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective on the stock. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Truist Financial upped their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird decreased their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $226.05.

Waste Management Stock Performance

NYSE WM opened at $213.99 on Friday. Waste Management, Inc. has a 12-month low of $162.34 and a 12-month high of $225.00. The firm has a 50-day moving average price of $209.34 and a two-hundred day moving average price of $208.83. The company has a market capitalization of $85.89 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping 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 return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Analysts anticipate that Waste Management, Inc. will post 7.28 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.