Waste Management, Inc. (NYSE:WM) Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,037 shares of the business services provider’s stock after acquiring an additional 455 shares during the period. Waste Management accounts for approximately 1.1% of Pittenger & Anderson Inc.’s portfolio, making the stock its 19th biggest position. Pittenger & Anderson Inc.’s holdings in Waste Management were worth $29,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WM. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the second quarter worth approximately $31,000. Fairway Wealth LLC grew its holdings 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 purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd quarter worth about $36,000. Fairscale Capital LLC purchased a new stake in Waste Management in the 2nd quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC lifted its position in Waste Management by 67.2% in the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their target price on Waste Management from $224.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $226.05.

Waste Management Trading Up 0.1 %

Shares of Waste Management stock opened at $214.24 on Tuesday. The company has a fifty day simple moving average of $209.44 and a 200-day simple moving average of $208.94. Waste Management, Inc. has a 12-month low of $167.78 and a 12-month high of $225.00. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $85.99 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.26 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the company posted $1.63 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given 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 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.