Waste Management, Inc. (NYSE:WM) Shares Purchased by Delta Asset Management LLC TN

Delta Asset Management LLC TN increased its position in shares of Waste Management, Inc. (NYSE:WM) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,326 shares of the business services provider’s stock after buying an additional 948 shares during the period. Delta Asset Management LLC TN’s holdings in Waste Management were worth $2,311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY acquired a new stake in Waste Management during the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Waste Management in the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the 1st quarter valued at $29,000. Ten Capital Wealth Advisors LLC grew its position in Waste Management by 1,106.7% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 181 shares of the business services provider’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Beacon Capital Management LLC increased its stake in Waste Management by 179.4% in the second quarter. Beacon Capital Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 78.34% of the company’s stock.

Waste Management Price Performance

NYSE WM traded down $0.20 on Monday, reaching $170.35. 199,924 shares of the stock traded hands, compared to its average volume of 1,579,831. Waste Management, Inc. has a 12 month low of $148.31 and a 12 month high of $173.71. The company has a market cap of $68.61 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 2.87 and a beta of 0.72. The firm’s fifty day simple moving average is $160.86 and its 200 day simple moving average is $163.03. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.17.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, October 24th. The business services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.27 billion. Waste Management had a net margin of 11.47% and a return on equity of 34.14%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. As a group, research analysts predict that Waste Management, Inc. will post 5.96 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is currently 49.56%.

Insider Activity

In other Waste Management news, CEO James C. Fish, Jr. sold 5,383 shares of Waste Management stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $172.00, for a total value of $925,876.00. Following the completion of the sale, the chief executive officer now directly owns 171,938 shares in the company, valued at $29,573,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO James C. Fish, Jr. sold 5,383 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.00, for a total value of $925,876.00. Following the completion of the sale, the chief executive officer now directly owns 171,938 shares in the company, valued at approximately $29,573,336. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James C. Fish, Jr. sold 4,167 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $172.00, for a total value of $716,724.00. Following the transaction, the chief executive officer now owns 177,321 shares in the company, valued at approximately $30,499,212. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wolfe Research initiated coverage on Waste Management in a research report on Tuesday, October 17th. They set a “peer perform” rating for the company. BMO Capital Markets boosted their price objective on shares of Waste Management from $160.00 to $163.00 and gave the company a “market perform” rating in a research report on Thursday, October 26th. Scotiabank cut their price target on Waste Management from $177.50 to $165.00 in a report on Tuesday, October 10th. Citigroup dropped their price objective on shares of Waste Management from $204.00 to $202.00 in a research note on Thursday, July 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Waste Management from $160.00 to $163.00 and gave the company a “sector perform” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.77.

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.