Bradley Foster & Sargent Inc. CT Has $5.61 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Bradley Foster & Sargent Inc. CT trimmed its position in Waste Management, Inc. (NYSE:WM) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,273 shares of the business services provider’s stock after selling 132 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Waste Management were worth $5,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WM. Hexagon Capital Partners LLC lifted its stake in shares of Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Sachetta LLC acquired a new stake in shares of Waste Management in the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management in the second quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management in the first quarter worth $35,000. Finally, Fairway Wealth LLC lifted its stake in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on WM shares. Robert W. Baird cut their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price target for the company. BMO Capital Markets reduced their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Truist Financial reduced their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, CIBC reduced their price target on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Trading Down 0.6 %

WM opened at $201.85 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $81.01 billion, a PE ratio of 33.04, a PEG ratio of 2.33 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00. The firm has a 50-day moving average price of $208.87 and a two-hundred day moving average price of $208.73.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, September 13th. Waste Management’s payout ratio is presently 49.10%.

Insider Activity

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management Company 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.