Brighton Jones LLC Has $943,000 Holdings in Waste Management, Inc. (NYSE:WM)

Brighton Jones LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 28.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,541 shares of the business services provider’s stock after selling 1,843 shares during the period. Brighton Jones LLC’s holdings in Waste Management were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. ARS Wealth Advisors Group LLC grew its position in shares of Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after purchasing an additional 49 shares in the last quarter. Cypress Asset Management Inc. TX grew its position in shares of Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after purchasing an additional 50 shares in the last quarter. GYL Financial Synergies LLC boosted its position in shares of Waste Management by 3.8% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares in the last quarter. Finally, Aries Wealth Management boosted its position in shares of Waste Management by 0.6% during the 2nd quarter. Aries Wealth Management now owns 8,780 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

WM stock opened at $208.91 on Friday. The company has a fifty day moving average price of $208.70 and a 200-day moving average price of $208.54. The company has a market capitalization of $83.84 billion, a P/E ratio of 33.21, a PEG ratio of 2.34 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $156.36 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.

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

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 47.69%.

Analyst Ratings Changes

Several analysts recently issued reports on WM shares. Scotiabank started coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Robert W. Baird reduced their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $218.89.

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.