Brighton Jones LLC Sells 182 Shares of Waste Management, Inc. $WM

Brighton Jones LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,666 shares of the business services provider’s stock after selling 182 shares during the quarter. Brighton Jones LLC’s holdings in Waste Management were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in shares of Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the 1st quarter worth approximately $38,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of Waste Management during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

Shares of NYSE:WM opened at $214.56 on Monday. The firm has a fifty day moving average price of $219.89 and a two-hundred day moving average price of $227.18. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a market cap of $86.43 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.64 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the firm earned $1.82 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. UBS Group reduced their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Scotiabank lifted their price objective on shares of Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. National Bankshares reduced their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $253.00.

About Waste Management

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.