Hamilton Point Investment Advisors LLC Has $7.84 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Hamilton Point Investment Advisors LLC reduced its stake in Waste Management, Inc. (NYSE:WM) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,754 shares of the business services provider’s stock after selling 389 shares during the period. Waste Management accounts for approximately 1.4% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 23rd largest holding. Hamilton Point Investment Advisors LLC’s holdings in Waste Management were worth $7,838,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Activest Wealth Management raised its holdings in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management during the second quarter worth about $31,000. Fairway Wealth LLC increased its holdings in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the second quarter worth about $36,000. Finally, Fairscale Capital LLC bought a new position in shares of Waste Management during the 2nd quarter valued at about $39,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WM has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Argus increased their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, William Blair began coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $226.11.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Performance

WM opened at $224.41 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market cap of $90.07 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.33 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The business has a 50 day moving average of $212.84 and a 200-day moving average of $210.10.

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, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities research analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The company 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 1.34%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio is presently 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.