Semus Wealth Partners LLC Sells 243 Shares of Waste Management, Inc. (NYSE:WM)

by · The Markets Daily

Semus Wealth Partners LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 19.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 992 shares of the business services provider’s stock after selling 243 shares during the quarter. Semus Wealth Partners LLC’s holdings in Waste Management were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC raised its position in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 2nd quarter valued at $36,000. Fairscale Capital LLC bought a new position in Waste Management in the 2nd quarter valued at $39,000. Finally, Hexagon Capital Partners LLC raised its position in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $217.57 on Monday. The firm has a market cap of $87.33 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The stock’s 50-day moving average is $211.61 and its 200-day moving average is $209.71. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.84. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly 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 return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.38%. Waste Management’s payout ratio is presently 45.87%.

Analyst Upgrades and Downgrades

WM has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective 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. Morgan Stanley lifted their price objective on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC boosted their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $226.11.

Read Our Latest Stock Report on WM

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’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 sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Waste Management 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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