Diversify Wealth Management LLC Has $2.35 Million Position in Waste Management, Inc. (NYSE:WM)

Diversify Wealth Management LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 24.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,112 shares of the business services provider’s stock after selling 3,678 shares during the period. Diversify Wealth Management LLC’s holdings in Waste Management were worth $2,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WM. Hexagon Capital Partners LLC grew its holdings in shares of Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management during the 2nd quarter valued at about $31,000. Fairway Wealth LLC increased its holdings in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 2nd quarter valued at $36,000. Finally, Fairscale Capital LLC purchased a new position in shares of Waste Management during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.7 %

Shares of WM traded down $1.60 during trading hours on Wednesday, reaching $217.51. 526,184 shares of the company traded hands, compared to its average volume of 1,616,270. 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 $162.03 and a 12 month high of $225.00. The company’s fifty day moving average price is $209.03 and its two-hundred day moving average price is $208.67. The company has a market capitalization of $87.29 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WM. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Scotiabank assumed 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. William Blair began coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $222.83.

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.