Foundations Investment Advisors LLC Has $469,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Foundations Investment Advisors LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 36.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,196 shares of the business services provider’s stock after purchasing an additional 581 shares during the period. Foundations Investment Advisors LLC’s holdings in Waste Management were worth $469,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WM. Parnassus Investments LLC raised its holdings in Waste Management by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock valued at $859,624,000 after acquiring an additional 16,213 shares during the period. Norges Bank bought a new position in Waste Management in the 4th quarter valued at about $784,486,000. Capital World Investors raised its holdings in Waste Management by 44.6% in the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after acquiring an additional 1,303,466 shares during the period. Dimensional Fund Advisors LP raised its holdings in Waste Management by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,931,135 shares of the business services provider’s stock valued at $345,851,000 after acquiring an additional 17,254 shares during the period. Finally, AMF Tjanstepension AB raised its holdings in Waste Management by 85.6% in the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after acquiring an additional 720,358 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 1.8 %

Shares of NYSE WM opened at $204.73 on Friday. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The company’s 50 day moving average price is $209.43 and its 200-day moving average price is $208.73. The company has a market capitalization of $82.11 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.47%. Waste Management’s payout ratio is currently 49.10%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WM shares. Truist Financial lowered their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price objective on the stock. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Robert W. Baird decreased their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, CIBC decreased their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Insider Buying and Selling at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.