Jamison Private Wealth Management Inc. Buys 517 Shares of Waste Management, Inc. (NYSE:WM)

by · The Cerbat Gem

Jamison Private Wealth Management Inc. grew its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,855 shares of the business services provider’s stock after purchasing an additional 517 shares during the period. Waste Management comprises 2.1% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest position. Jamison Private Wealth Management Inc.’s holdings in Waste Management were worth $13,879,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. ARS Wealth Advisors Group LLC lifted its holdings in Waste Management by 3.1% during the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Waste Management by 29.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after buying an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after buying an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX raised its holdings in shares of Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock valued at $907,000 after acquiring an additional 50 shares during the last quarter. Finally, GYL Financial Synergies LLC lifted its position in shares of Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.1 %

Shares of NYSE WM opened at $213.79 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $85.75 billion, a PE ratio of 34.99, a PEG ratio of 2.36 and a beta of 0.74. Waste Management, Inc. has a twelve month low of $153.95 and a twelve month high of $225.00. The stock has a fifty day simple moving average of $207.82 and a 200-day simple moving average of $208.42.

Waste Management (NYSE:WM – Get Free Report) last released 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 the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. Waste Management’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. CIBC reduced their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Oppenheimer reduced their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. William Blair initiated coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, BMO Capital Markets dropped their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Twelve equities research 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 company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $218.89.

View Our Latest Stock Report on WM

Waste Management Company Profile

(Free Report)

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.

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