Johnson Bixby & Associates LLC increased its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 21.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,433 shares of the business services provider’s stock after purchasing an additional 433 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in Waste Management were worth $505,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in WM. Hexagon Capital Partners LLC grew its position in shares of Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management during the second quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in Waste Management in the first quarter valued at approximately $35,000. Fairway Wealth LLC boosted its stake in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. 80.40% of the stock is owned by institutional investors.
Insider Buying and Selling at Waste Management
In other news, VP Michael J. Watson sold 1,500 shares of the company’s 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 sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Waste Management
Waste Management Trading Up 0.3 %
Waste Management stock traded up $0.57 during trading hours on Friday, hitting $211.81. The stock had a trading volume of 956,431 shares, compared to its average volume of 1,360,347. The business’s 50 day simple moving average is $207.37 and its 200-day simple moving average is $208.45. The stock has a market cap of $85.00 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.36 and a beta of 0.74. Waste Management, Inc. has a one year low of $153.95 and a one year high of $225.00. 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 (NYSE:WM – Get Free Report) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the company earned $1.51 EPS. Waste Management’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s payout ratio is presently 47.69%.
Waste Management 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.
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