Waste Management, Inc. $WM Stock Sold by SeaCrest Wealth Management LLC
by Sarita Garza · The Markets DailySeaCrest Wealth Management LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 84.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,820 shares of the business services provider’s stock after selling 9,999 shares during the period. SeaCrest Wealth Management LLC’s holdings in Waste Management were worth $371,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Main Street Group LTD acquired a new position in shares of Waste Management during the 1st quarter worth approximately $31,000. Cape Investment Advisory Inc. purchased a new stake in shares of Waste Management in the second quarter valued at approximately $36,000. Markowski Investments purchased a new stake in shares of Waste Management in the second quarter valued at approximately $38,000. Bogart Wealth LLC increased its holdings in shares of Waste Management by 93.5% in the first quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 87 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of Waste Management in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 80.40% of the company’s stock.
Insider Activity
In other news, CAO John Carroll sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.
Waste Management Stock Up 0.2%
WM stock opened at $239.47 on Friday. The firm has a market cap of $95.72 billion, a PE ratio of 33.92, a PEG ratio of 3.06 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The firm’s 50 day moving average price is $216.88 and its 200-day moving average price is $222.33. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.
Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the company posted $1.92 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.09 EPS for the current year.
Waste Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.9450 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s payout ratio is 53.54%.
Wall Street Analyst Weigh In
WM has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price objective on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their target price on Waste Management from $270.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce reduced their price target on Waste Management from $250.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, Citigroup boosted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $256.06.
Read Our Latest Stock Report on WM
Waste Management Company Profile
Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.
WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.
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