CWA Asset Management Group LLC Buys New Position in Waste Management, Inc. (NYSE:WM)

CWA Asset Management Group LLC acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,546 shares of the business services provider's stock, valued at approximately $944,000.

A number of other institutional investors have also made changes to their positions in WM. Hollencrest Capital Management boosted its stake in Waste Management by 50.6% in the third quarter. Hollencrest Capital Management now owns 467 shares of the business services provider's stock worth $97,000 after purchasing an additional 157 shares in the last quarter. Summit Global Investments lifted its stake in shares of Waste Management by 67.2% during the third quarter. Summit Global Investments now owns 31,367 shares of the business services provider's stock valued at $6,512,000 after acquiring an additional 12,607 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Waste Management by 0.5% during the third quarter. LS Investment Advisors LLC now owns 27,504 shares of the business services provider's stock valued at $5,710,000 after acquiring an additional 145 shares during the period. Mine & Arao Wealth Creation & Management LLC. lifted its stake in shares of Waste Management by 64.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 2,484 shares of the business services provider's stock valued at $516,000 after acquiring an additional 976 shares during the period. Finally, Trinity Legacy Partners LLC lifted its stake in shares of Waste Management by 3.8% during the third quarter. Trinity Legacy Partners LLC now owns 28,929 shares of the business services provider's stock valued at $6,176,000 after acquiring an additional 1,061 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on WM shares. UBS Group upped their price objective on Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Argus increased their price objective on Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Royal Bank of Canada increased their price target on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $226.11.

Waste Management Trading Up 0.5 %

Shares of NYSE WM traded up $1.06 during mid-day trading on Monday, reaching $225.18. 441,844 shares of the company's stock were exchanged, compared to its average volume of 1,616,052. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.36 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $226.48. The company's 50-day moving average is $210.21 and its 200-day moving average is $209.25.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management's dividend payout ratio is presently 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

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.