Sequoia Financial Advisors LLC Has $43.02 Million Holdings in Waste Management, Inc. $WM

Sequoia Financial Advisors LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,789 shares of the business services provider’s stock after purchasing an additional 7,522 shares during the period. Sequoia Financial Advisors LLC’s holdings in Waste Management were worth $43,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WM. Brighton Jones LLC grew its holdings in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Sprott Inc. bought a new stake in shares of Waste Management during the first quarter valued at approximately $325,000. Pallas Capital Advisors LLC acquired a new stake in shares of Waste Management in the second quarter valued at approximately $217,000. Baader Bank Aktiengesellschaft lifted its holdings in Waste Management by 44.0% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,797 shares of the business services provider’s stock worth $392,000 after buying an additional 549 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its position in Waste Management by 7.0% in the 2nd quarter. Global Financial Private Client LLC now owns 1,422 shares of the business services provider’s stock valued at $325,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was 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 in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.6%

Waste Management stock opened at $221.21 on Friday. The company has a 50 day moving average of $215.74 and a 200-day moving average of $219.19. 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 stock 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 (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion during 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%.Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analyst Ratings Changes

WM has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on Waste Management in a report on Friday, November 14th. They issued an “overweight” rating and a $238.00 price target on the stock. Truist Financial set a $260.00 price target on shares of Waste Management in a research note on Wednesday, October 29th. Sanford C. Bernstein raised their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. CIBC dropped their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $250.45.

Waste Management Company 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.