Fifth Third Wealth Advisors LLC Purchases 466 Shares of Waste Management, Inc. (NYSE:WM)

Fifth Third Wealth Advisors LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,198 shares of the business services provider’s stock after acquiring an additional 466 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Waste Management were worth $1,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC raised its position in shares of 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 acquiring an additional 66 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter valued at $39,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the second quarter worth $36,000. Finally, Hexagon Capital Partners LLC increased its holdings in Waste Management by 67.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 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 weighed in on the stock. UBS Group increased their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. CIBC boosted their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Eleven investment 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 company’s stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Trading Up 0.3 %

NYSE WM opened at $219.05 on Wednesday. The company has a market cap of $87.92 billion, a PE ratio of 33.49, a PEG ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84. The stock has a 50 day moving average of $212.02 and a 200-day moving average of $209.86. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during 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%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

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.