Kavar Capital Partners Group LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Kavar Capital Partners Group LLC increased its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 269.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,802 shares of the business services provider's stock after purchasing an additional 2,772 shares during the quarter. Kavar Capital Partners Group LLC's holdings in Waste Management were worth $789,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock worth $969,401,000 after buying an additional 12,664 shares during the last quarter. Capital World Investors boosted its stake in Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock valued at $900,957,000 after acquiring an additional 1,303,466 shares during the last quarter. Legal & General Group Plc grew its position in shares of Waste Management by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock valued at $820,539,000 after acquiring an additional 243,900 shares during the period. International Assets Investment Management LLC increased its stake in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock worth $538,013,000 after purchasing an additional 2,588,842 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Waste Management by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider's stock worth $473,047,000 after purchasing an additional 221,380 shares during the period. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on WM. William Blair initiated coverage on Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Truist Financial reduced their price objective on shares of Waste Management from $240.00 to $235.00 and set a "buy" rating for the company in a research note on Thursday, July 11th. StockNews.com lowered Waste Management from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th. BMO Capital Markets decreased their price objective 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. Finally, Robert W. Baird reduced their target price on Waste Management from $226.00 to $216.00 and set a "neutral" rating for the company in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $218.89.

Waste Management Price Performance

WM stock traded down $2.11 during mid-day trading on Friday, hitting $206.80. 1,069,935 shares of the stock were exchanged, compared to its average volume of 1,611,266. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The stock has a market capitalization of $82.94 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.34 and a beta of 0.74. The business has a fifty day moving average price of $208.77 and a 200 day moving average price of $208.56. Waste Management, Inc. has a 12 month low of $160.90 and a 12 month high of $225.00.

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

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management's dividend payout ratio is presently 49.10%.

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.