Mill Creek Capital Advisors LLC Sells 111 Shares of Waste Management, Inc. (NYSE:WM)

Mill Creek Capital Advisors LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,676 shares of the business services provider’s stock after selling 111 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Waste Management were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its stake in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after acquiring an additional 46 shares in the last quarter. ARS Wealth Advisors Group LLC raised its stake in shares of Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners lifted its position in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its stake in shares of Waste Management by 1.2% in the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $217.90 on Friday. The firm has a 50-day simple moving average of $211.61 and a two-hundred day simple moving average of $209.68. 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, Inc. has a 1-year low of $168.73 and a 1-year high of $226.84. The stock has a market cap of $87.46 billion, a PE ratio of 33.32, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

Insider Buying and Selling

In other 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 transaction of $66,795.70. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. William Blair initiated coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Argus increased their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird lowered their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

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.