Savvy Advisors Inc. Acquires 753 Shares of Waste Management, Inc. (NYSE:WM)

Savvy Advisors Inc. boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 28.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,377 shares of the business services provider’s stock after buying an additional 753 shares during the quarter. Savvy Advisors Inc.’s holdings in Waste Management were worth $701,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WM. Empowered Funds LLC boosted its holdings in shares of Waste Management by 35.3% during the 1st quarter. Empowered Funds LLC now owns 6,859 shares of the business services provider’s stock worth $1,462,000 after buying an additional 1,789 shares during the period. Headlands Technologies LLC bought a new stake in Waste Management during the first quarter valued at about $122,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Waste Management by 17.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 456,940 shares of the business services provider’s stock worth $97,397,000 after purchasing an additional 67,582 shares during the period. Planning Directions Inc. acquired a new position in shares of Waste Management during the 1st quarter worth about $215,000. Finally, Kingsview Wealth Management LLC boosted its stake in Waste Management by 16.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 10,875 shares of the business services provider’s stock valued at $2,318,000 after purchasing an additional 1,521 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WM. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target for the company. CIBC increased 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. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird decreased their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Stock Performance

Waste Management stock opened at $224.78 on Wednesday. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.50. The stock has a 50-day simple moving average of $210.44 and a 200 day simple moving average of $209.33. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $90.22 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Waste Management’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management’s payout ratio is presently 45.87%.

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.