Waste Management, Inc. (NYSE:WM) Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,607 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Carret Asset Management LLC’s holdings in Waste Management were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in WM. Mcrae Capital Management Inc. increased its position in shares of Waste Management by 0.7% during the third quarter. Mcrae Capital Management Inc. now owns 7,585 shares of the business services provider’s stock valued at $1,575,000 after acquiring an additional 50 shares during the last quarter. Kavar Capital Partners Group LLC lifted its position in shares of Waste Management by 269.1% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 3,802 shares of the business services provider’s stock worth $789,000 after purchasing an additional 2,772 shares during the last quarter. Mattern Capital Management LLC boosted its position in shares of Waste Management by 18.8% during the 3rd quarter. Mattern Capital Management LLC now owns 2,464 shares of the business services provider’s stock worth $512,000 after acquiring an additional 390 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Waste Management by 21.0% in the third quarter. Arkadios Wealth Advisors now owns 7,842 shares of the business services provider’s stock valued at $1,628,000 after purchasing an additional 1,360 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in shares of Waste Management by 10.7% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,087 shares of the business services provider’s stock valued at $2,717,000 after buying an additional 1,266 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on WM shares. BMO Capital Markets cut their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Oppenheimer decreased their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Truist Financial cut their price target on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Robert W. Baird cut their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Stock Down 1.0 %

NYSE WM opened at $206.80 on Monday. Waste Management, Inc. has a 52 week low of $160.90 and a 52 week high of $225.00. The stock has a fifty day moving average of $208.77 and a 200-day moving average of $208.56. 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 stock has a market capitalization of $82.99 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74.

Waste Management Announces Dividend

The firm also recently announced 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 was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s payout ratio is 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.