Joel Isaacson & Co. LLC Grows Holdings in Waste Management, Inc. $WM

Joel Isaacson & Co. LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 134.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,970 shares of the business services provider’s stock after acquiring an additional 4,000 shares during the period. Joel Isaacson & Co. LLC’s holdings in Waste Management were worth $1,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. McAdam LLC boosted its holdings in Waste Management by 6.3% in the 3rd quarter. McAdam LLC now owns 1,661 shares of the business services provider’s stock worth $367,000 after buying an additional 99 shares during the period. Vaughan David Investments LLC IL boosted its stake in shares of Waste Management by 12,248.0% in the third quarter. Vaughan David Investments LLC IL now owns 185,220 shares of the business services provider’s stock worth $40,902,000 after acquiring an additional 183,720 shares during the period. Live Oak Investment Partners purchased a new stake in shares of Waste Management during the third quarter worth about $967,000. Root Financial Partners LLC bought a new stake in Waste Management during the 3rd quarter valued at approximately $160,000. Finally, Diamant Asset Management Inc. boosted its stake in Waste Management by 29.4% in the 3rd quarter. Diamant Asset Management Inc. now owns 1,980 shares of the business services provider’s stock worth $437,000 after purchasing an additional 450 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Waste Management in a report on Friday, November 14th. They issued an “overweight” rating and a $238.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 price target on the stock. National Bankshares reduced their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $260.00 in a report on Friday, January 9th. Finally, Royal Bank Of Canada reduced their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $250.41.

Insider Activity at Waste Management

In related news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.0%

Shares of WM opened at $221.29 on Wednesday. The firm has a fifty day moving average price of $216.51 and a 200-day moving average price of $219.08. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $89.15 billion, a P/E ratio of 34.85, a P/E/G ratio of 2.48 and a beta of 0.59. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.825 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is currently 51.97%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.