Waste Management, Inc. (NYSE:WM) Shares Sold by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. reduced its position in Waste Management, Inc. (NYSE:WM – Free Report) by 2.2% during the second quarter, HoldingsChannel.com reports. The fund owned 2,911 shares of the business services provider’s stock after selling 64 shares during the quarter. The holdings of Ausdal Financial Partners Inc. in waste management were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ARS Wealth Advisors Group LLC raised its stake in Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after buying an additional 49 shares in the last quarter. Mayflower Financial Advisors LLC raised its stake in Waste Management by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after purchasing an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX raised its stake in Waste Management by 1.2% in the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after purchasing an additional 50 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its stake in Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s shares.

Analysts on Wall Street are forecasting an increase

WM has been the subject of a number of research reports. 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 research note on Thursday, July 11th. Oppenheimer cut their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada cut their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Erste Group Bank restated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price target for the company. Eleven 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. The company currently has a consensus rating of “Moderate Buy” and an average price target of $215.83, according to MarketBeat.com.

See the latest stock analysis on WM

Insider buying and selling

In related news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. 0.18% of shares are owned by corporate insiders.

The price performance of waste management

Shares of NYSE:WM opened at $204.73 on Monday. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00. The stock has a market cap of $82.16 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.29 and a beta of 0.74. The stock’s 50-day moving average price is $209.43 and its 200-day moving average price is $208.76. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07, and a quick ratio of 1.03.

Waste Management (NYSE:WM – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 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 firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. In the same quarter last year, the company earned $1.51 per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste management announces dividends

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 13. This represents an annualized dividend of $3.00 and a yield of 1.47%. Waste Management’s payout ratio is 49.10%.

Waste Management Company Profile

(Free report)

Waste Management, Inc., through its subsidiaries, is engaged in providing environmental solutions to residential, commercial, industrial and municipal customers in the United States and Canada. Provides collection services, including the pickup and transportation of waste and recyclables from where they were 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 landfills that produce landfill gas used as renewable natural gas for electricity generation.

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