Waste Management, Inc. (NYSE:WM) Holdings Boosted by Biltmore Family Office LLC

Biltmore Family Office LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the business services provider’s stock after buying an additional 150 shares during the period. Biltmore Family Office LLC’s holdings in Waste Management were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Trust N.A. grew its stake in Waste Management by 3.8% during the 3rd quarter. Raymond James Trust N.A. now owns 53,077 shares of the business services provider’s stock valued at $11,019,000 after acquiring an additional 1,953 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Waste Management by 22.0% during the third quarter. AlphaCore Capital LLC now owns 7,276 shares of the business services provider’s stock worth $1,511,000 after purchasing an additional 1,310 shares during the period. Activest Wealth Management grew its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Waste Management by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,087,006 shares of the business services provider’s stock worth $433,262,000 after buying an additional 18,983 shares in the last quarter. Finally, L & S Advisors Inc boosted its stake in shares of Waste Management by 0.8% during the 3rd quarter. L & S Advisors Inc now owns 14,025 shares of the business services provider’s stock valued at $2,912,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WM shares. CIBC increased their price objective on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Eleven equities research 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.11.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Trading Up 1.3 %

Shares of WM stock opened at $221.53 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The firm’s fifty day simple moving average is $212.52 and its 200 day simple moving average is $210.00. The firm has a market capitalization of $88.92 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is 45.87%.

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.