Auxano Advisors LLC Acquires New Holdings in Waste Management, Inc. (NYSE:WM)

Auxano Advisors LLC acquired a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,939 shares of the business services provider's stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Claro Advisors LLC lifted its position in shares of Waste Management by 20.3% during the 2nd quarter. Claro Advisors LLC now owns 2,818 shares of the business services provider's stock valued at $601,000 after buying an additional 475 shares during the last quarter. Summit Financial LLC lifted its position in shares of Waste Management by 83.7% during the 2nd quarter. Summit Financial LLC now owns 4,682 shares of the business services provider's stock valued at $999,000 after buying an additional 2,133 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of Waste Management by 4.5% during the 2nd quarter. Essex Financial Services Inc. now owns 5,372 shares of the business services provider's stock valued at $1,146,000 after buying an additional 231 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Waste Management by 6.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,020 shares of the business services provider's stock valued at $1,924,000 after buying an additional 519 shares during the last quarter. Finally, WR Wealth Planners LLC raised its stake in shares of Waste Management by 3.9% during the 2nd quarter. WR Wealth Planners LLC now owns 5,277 shares of the business services provider's stock valued at $1,126,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Erste Group Bank reiterated a "hold" rating on shares of Waste Management in a research note on Friday, June 14th. CIBC decreased their price objective on Waste Management from $223.00 to $213.00 and set a "neutral" rating on the stock in a research note on Friday, July 26th. Truist Financial decreased their price objective on Waste Management from $240.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 11th. Oppenheimer decreased their price objective on Waste Management from $229.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. Finally, BMO Capital Markets decreased their target price on Waste Management from $215.00 to $213.00 and set a "market perform" rating on the stock in a research note on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $215.83.

Waste Management Trading Up 1.0 %

WM stock traded up $2.16 during trading on Friday, hitting $212.04. 1,786,797 shares of the company traded hands, compared to its average volume of 1,397,561. The firm has a market capitalization of $85.05 billion, a PE ratio of 34.70, a P/E/G ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00. The company has a 50-day moving average of $209.81 and a 200-day moving average of $208.45. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

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

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, September 13th. Waste Management's dividend payout ratio is presently 49.10%.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company's stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Waste Management 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.