Waste Management, Inc. (NYSE:WM) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 94,414.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,591,584 shares of the business services provider’s stock after acquiring an additional 2,588,842 shares during the quarter. International Assets Investment Management LLC owned approximately 0.65% of Waste Management worth $538,013,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. boosted its position in shares of Waste Management by 51.8% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 72 shares during the period. McAdam LLC boosted its position in shares of Waste Management by 7.4% in the 3rd quarter. McAdam LLC now owns 1,418 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 98 shares during the period. Fulcrum Capital LLC boosted its position in shares of Waste Management by 0.7% in the 3rd quarter. Fulcrum Capital LLC now owns 47,690 shares of the business services provider’s stock valued at $9,901,000 after purchasing an additional 308 shares during the period. Courier Capital LLC acquired a new stake in Waste Management during the 3rd quarter worth approximately $244,000. Finally, Greenleaf Trust lifted its position in Waste Management by 8.5% during the 3rd quarter. Greenleaf Trust now owns 13,436 shares of the business services provider’s stock worth $2,789,000 after acquiring an additional 1,057 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on WM shares. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Truist Financial decreased their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Royal Bank of Canada decreased their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Finally, CIBC cut their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Stock Up 0.4 %

Shares of WM opened at $211.80 on Thursday. The stock has a market cap of $85.00 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12 month low of $153.95 and a 12 month high of $225.00. The company has a 50-day moving average price of $208.70 and a two-hundred day moving average price of $208.54.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

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 $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 47.69%.

About Waste Management

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.