Courier Capital LLC Buys Shares of 1,175 Waste Management, Inc. (NYSE:WM)

Courier Capital LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,175 shares of the business services provider’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management in the second quarter valued at approximately $31,000. Fairway Wealth LLC raised its stake in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Fairscale Capital LLC purchased a new position in Waste Management in the 2nd quarter valued at $39,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent analyst reports. Oppenheimer cut their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. William Blair initiated coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Robert W. Baird dropped their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. Finally, CIBC dropped their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Price Performance

NYSE:WM opened at $208.91 on Friday. The firm has a market cap of $83.84 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12 month low of $156.36 and a 12 month high of $225.00. The company’s 50-day moving average price is $208.70 and its two-hundred day moving average price is $208.54.

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

Waste Management Dividend Announcement

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

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.