Vaughan David Investments LLC IL Grows Stake in Waste Management, Inc. $WM

Vaughan David Investments LLC IL grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 12,248.0% in the third quarter, Holdings Channel reports. The fund owned 185,220 shares of the business services provider’s stock after acquiring an additional 183,720 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Waste Management were worth $40,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new position in Waste Management during the second quarter valued at $40,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Waste Management during the 3rd quarter valued at $41,000. Wealth Watch Advisors INC purchased a new position in shares of Waste Management during the 2nd quarter valued at $43,000. Halbert Hargrove Global Advisors LLC grew its stake in shares of Waste Management by 47.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after acquiring an additional 78 shares during the period. Finally, Gladwyn Financial Advisors Inc. purchased a new stake in Waste Management in the 2nd quarter worth about $58,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on WM shares. Wells Fargo & Company initiated coverage on shares of Waste Management in a report on Friday, November 14th. They set an “overweight” rating and a $238.00 price objective on the stock. Royal Bank Of Canada lowered 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 report on Wednesday, October 29th. Scotiabank cut 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 report on Wednesday, October 29th. Sanford C. Bernstein boosted their target price on shares of Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a research report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.45.

Waste Management Trading Up 0.6%

Shares of WM stock opened at $221.21 on Tuesday. The company has a market capitalization of $89.12 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The business’s fifty day moving average is $216.15 and its 200 day moving average is $219.12. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84.

Waste Management (NYSE:WM) last posted 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). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business 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. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s payout ratio is presently 51.97%.

Insider Buying and Selling

In other Waste Management 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 completion of the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

About Waste Management

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.