Waste Management, Inc. (NYSE:WM) Stock Holdings Lowered by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,511 shares of the business services provider’s stock after selling 758 shares during the period. Waste Management accounts for 0.8% of OneAscent Financial Services LLC’s portfolio, making the stock its 23rd biggest holding. OneAscent Financial Services LLC’s holdings in Waste Management were worth $1,144,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd grew its position in Waste Management by 193.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 9,944 shares of the business services provider’s stock valued at $2,120,000 after buying an additional 6,558 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in Waste Management by 83.0% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,525 shares of the business services provider’s stock valued at $751,000 after acquiring an additional 1,599 shares during the last quarter. National Bank of Canada FI lifted its holdings in Waste Management by 3.8% in the 1st quarter. National Bank of Canada FI now owns 289,371 shares of the business services provider’s stock valued at $61,190,000 after acquiring an additional 10,526 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in Waste Management by 1.7% in the 1st quarter. Twin Capital Management Inc. now owns 4,435 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 72 shares during the last quarter. Finally, Vaughan David Investments LLC IL lifted its holdings in Waste Management by 33.9% in the 1st quarter. Vaughan David Investments LLC IL now owns 2,222 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 562 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the 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 transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.2 %

NYSE:WM opened at $218.31 on Tuesday. The stock’s 50 day moving average price is $211.80 and its 200 day moving average price is $209.78. Waste Management, Inc. has a 52 week low of $168.73 and a 52 week high of $226.84. The company has a market capitalization of $87.62 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

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

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.37%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WM shares. Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, CIBC upped their price objective on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Waste Management 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.