Capital Advisors Inc. OK Has $42.56 Million Stock Holdings in Waste Management, Inc. $WM

Capital Advisors Inc. OK lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,705 shares of the business services provider’s stock after purchasing an additional 15,206 shares during the quarter. Capital Advisors Inc. OK’s holdings in Waste Management were worth $42,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Loomis Sayles & Co. L P bought a new position in Waste Management in the 2nd quarter valued at about $40,000. Wealth Watch Advisors INC bought a new position in Waste Management in the second quarter valued at approximately $43,000. eCIO Inc. acquired a new position in Waste Management during the first quarter valued at approximately $53,000. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Waste Management by 47.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 78 shares in the last quarter. Finally, Gladwyn Financial Advisors Inc. bought a new position in shares of Waste Management in the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $218.37 on Friday. The stock has a market cap of $87.97 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.45 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company’s fifty day moving average is $212.29 and its 200 day moving average is $220.04.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is currently 51.97%.

Analysts Set New Price Targets

Several analysts recently weighed in on WM shares. UBS Group reduced their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada reduced their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Scotiabank dropped their price objective on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Barclays decreased their target price on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $248.95.

Insider Transactions at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.