TrinityPoint Wealth LLC Acquires 151 Shares of Waste Management, Inc. (NYSE:WM)

TrinityPoint Wealth LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,086 shares of the business services provider’s stock after acquiring an additional 151 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Waste Management were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. UniSuper Management Pty Ltd raised its stake in Waste Management by 193.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 9,944 shares of the business services provider’s stock worth $2,120,000 after acquiring an additional 6,558 shares during the period. Lake Street Advisors Group LLC lifted its stake in shares of Waste Management by 83.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,525 shares of the business services provider’s stock valued at $751,000 after buying an additional 1,599 shares in the last quarter. National Bank of Canada FI boosted its holdings in Waste Management by 3.8% in the 1st quarter. National Bank of Canada FI now owns 289,371 shares of the business services provider’s stock worth $61,190,000 after buying an additional 10,526 shares during the period. Twin Capital Management Inc. raised its holdings in Waste Management by 1.7% during the first quarter. Twin Capital Management Inc. now owns 4,435 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 72 shares during the period. Finally, Vaughan David Investments LLC IL lifted its position in shares of Waste Management by 33.9% in the first quarter. Vaughan David Investments LLC IL now owns 2,222 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.2 %

Shares of NYSE WM opened at $218.31 on Tuesday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The firm has a 50-day simple moving average of $211.80 and a two-hundred day simple moving average of $209.78. The company has a market cap of $87.62 billion, a P/E ratio of 33.38, a PEG ratio of 2.30 and a beta of 0.74. 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) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company earned $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Robert W. Baird lowered their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Oppenheimer raised their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their price objective on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate 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.