McAdam LLC Raises Stock Position in Waste Management, Inc. (NYSE:WM)

McAdam LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 7.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,418 shares of the business services provider’s stock after buying an additional 98 shares during the quarter. McAdam LLC’s holdings in Waste Management were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WM. Hexagon Capital Partners LLC increased its position in shares of Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the second quarter valued at about $31,000. Fairway Wealth LLC increased its position in shares of Waste Management by 62.9% during the second 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. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the second quarter valued at about $36,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Waste Management during the second quarter valued at about $39,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank initiated coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Oppenheimer dropped their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Eleven 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Stock Performance

NYSE:WM opened at $208.91 on Friday. 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 firm has a 50-day moving average price of $208.70 and a two-hundred day moving average price of $208.54. Waste Management, Inc. has a twelve month low of $156.36 and a twelve month high of $225.00. The company has a market capitalization of $83.84 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74.

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

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date 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 presently 47.69%.

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.