Farther Finance Advisors LLC Has $744,000 Holdings in Waste Management, Inc. (NYSE:WM)

Farther Finance Advisors LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 28.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,554 shares of the business services provider’s stock after buying an additional 782 shares during the period. Farther Finance Advisors LLC’s holdings in Waste Management were worth $744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its holdings 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 purchasing an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management in the 2nd quarter valued at about $31,000. Sachetta LLC acquired a new position in shares of Waste Management in the 4th quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at about $35,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 1.0 %

WM opened at $212.04 on Tuesday. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $85.10 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.37 and a beta of 0.74. The business has a 50 day moving average of $209.80 and a 200-day moving average of $208.60.

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, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. 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 business earned $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, sell-side analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio is 49.10%.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WM has been the topic of a number of research reports. Oppenheimer dropped their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. BMO Capital Markets dropped their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Finally, CIBC dropped their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $215.83.

About Waste Management

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.