Signaturefd LLC Buys 134 Shares of Waste Management, Inc. (NYSE:WM)

Signaturefd LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,462 shares of the business services provider’s stock after purchasing an additional 134 shares during the quarter. Signaturefd LLC’s holdings in Waste Management were worth $1,757,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. ARS Wealth Advisors Group LLC increased its holdings in Waste Management by 3.1% during 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 purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings 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 valued at $46,000 after buying an additional 49 shares during the last quarter. Cypress Asset Management Inc. TX lifted its position in Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after buying an additional 50 shares in the last quarter. GYL Financial Synergies LLC grew its holdings in Waste Management by 3.8% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares during the last quarter. Finally, Aries Wealth Management raised its stake in shares of Waste Management by 0.6% in the second quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 50 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

WM opened at $211.09 on Wednesday. The company has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.38 and a beta of 0.74. The business’s 50-day moving average price is $208.59 and its two-hundred day moving average price is $208.52. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WM) last released its 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 for 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. Equities analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 47.69%.

Analyst Ratings Changes

WM has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Oppenheimer decreased their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Robert W. Baird dropped their target price 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. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. Eleven 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Company 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.