TD Private Client Wealth LLC Sells 145 Shares of Waste Management, Inc. (NYSE:WM)

TD Private Client Wealth LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,862 shares of the business services provider’s stock after selling 145 shares during the quarter. TD Private Client Wealth LLC’s holdings in Waste Management were worth $1,840,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management raised its position in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Fairway Wealth LLC boosted its stake in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Fairscale Capital LLC bought a new position in Waste Management during the second quarter worth $39,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Waste Management in the second quarter valued at $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in shares of Waste Management by 51.8% in the third quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock valued at $44,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.0 %

Shares of Waste Management stock opened at $214.47 on Friday. Waste Management, Inc. has a 1 year low of $173.01 and a 1 year high of $230.39. The firm has a market cap of $86.08 billion, a PE ratio of 32.79, a PEG ratio of 2.26 and a beta of 0.75. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a 50 day simple moving average of $217.44 and a two-hundred day simple moving average of $211.35.

Waste Management (NYSE:WM) last announced its earnings results 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. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the business posted $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. Waste Management’s payout ratio is 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on WM shares. CIBC raised their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Scotiabank started coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $230.72.

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.