Waste Management, Inc. $WM Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 98.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,342 shares of the business services provider’s stock after acquiring an additional 8,596 shares during the quarter. Farther Finance Advisors LLC’s holdings in Waste Management were worth $3,830,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WM. Saudi Central Bank bought a new position in shares of Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the 1st quarter valued at $38,000. Loomis Sayles & Co. L P acquired a new position in shares of Waste Management during the 2nd quarter valued at $40,000. Wealth Watch Advisors INC bought a new stake in shares of Waste Management in the 2nd quarter worth $43,000. Finally, eCIO Inc. acquired a new stake in shares of Waste Management in the first quarter valued at $53,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotiabank lowered their target price on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 29th. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Waste Management in a research note on Monday. DZ Bank initiated coverage on shares of Waste Management in a research report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $248.95.

Waste Management Price Performance

WM opened at $221.39 on Thursday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The firm has a market capitalization of $89.19 billion, a P/E ratio of 34.86, a PEG ratio of 2.72 and a beta of 0.58. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The stock has a fifty day moving average of $211.51 and a 200-day moving average of $220.73.

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

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) 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.