Atria Wealth Solutions Inc. Decreases Stock Position in Waste Management, Inc. (NYSE:WM)

Atria Wealth Solutions Inc. decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,765 shares of the business services provider’s stock after selling 90 shares during the period. Atria Wealth Solutions Inc.’s holdings in Waste Management were worth $6,395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management in the first quarter worth $29,000. Ten Capital Wealth Advisors LLC grew its position in shares of Waste Management by 1,106.7% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 181 shares of the business services provider’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Steward Financial Group LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at approximately $31,000. KB Financial Partners LLC acquired a new position in Waste Management in the first quarter worth $33,000. Finally, State of Wyoming acquired a new position in shares of Waste Management in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.34% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Bruce E. Chinn sold 172 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $159.44, for a total transaction of $27,423.68. Following the sale, the director now directly owns 822 shares of the company’s stock, valued at approximately $131,059.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Waste Management news, Director Bruce E. Chinn sold 172 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $159.44, for a total transaction of $27,423.68. Following the completion of the sale, the director now directly owns 822 shares in the company, valued at approximately $131,059.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Pope sold 198 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $168.40, for a total value of $33,343.20. Following the completion of the transaction, the director now owns 56,147 shares in the company, valued at approximately $9,455,154.80. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Waste Management Trading Up 1.1 %

Shares of NYSE:WM opened at $160.40 on Thursday. The stock has a market capitalization of $64.97 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.66 and a beta of 0.72. Waste Management, Inc. has a 1-year low of $148.31 and a 1-year high of $173.73. The company has a 50 day moving average price of $162.62 and a 200 day moving average price of $162.25. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.78 and a current ratio of 0.82.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 25th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.03). Waste Management had a return on equity of 33.81% and a net margin of 11.42%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 5.96 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. Waste Management’s dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WM. Raymond James cut their price target on Waste Management from $185.00 to $179.00 and set an “outperform” rating on the stock in a report on Thursday, July 27th. StockNews.com assumed coverage on shares of Waste Management in a research note on Thursday, August 17th. They set a “buy” rating for the company. BMO Capital Markets cut their price target on Waste Management from $167.00 to $166.00 in a report on Thursday, July 27th. Finally, Citigroup lowered their target price on Waste Management from $204.00 to $202.00 in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.18.

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.