Beacon Investment Advisory Services Inc. Grows Stake in Waste Management, Inc. $WM

Beacon Investment Advisory Services Inc. increased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 38.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,971 shares of the business services provider's stock after buying an additional 10,483 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Waste Management were worth $8,385,000 as of its most recent SEC filing.Get Waste Management alerts:Amid Tech Volatility, These 3 Stocks Are Up & Boosting BuybacksOther hedge funds and other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management during the 1st quarter worth $38,000. Loomis Sayles & Co. L P purchased a new position in Waste Management in the second quarter worth $40,000. Wealth Watch Advisors INC bought a new position in Waste Management in the second quarter valued at $43,000. Finally, eCIO Inc. purchased a new stake in Waste Management during the first quarter valued at about $53,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh InA number of equities analysts recently weighed in on WM shares. DZ Bank assumed coverage on Waste Management in a report on Tuesday, November 25th. They set a "buy" rating and a $250.00 price objective on the stock. Morgan Stanley decreased their price target on shares of Waste Management from $232.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 17th. 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 research note on Wednesday, October 29th. The Goldman Sachs Group initiated coverage on shares of Waste Management in a research report on Monday, November 24th. They issued a "buy" rating and a $256.00 target price on the stock. Finally, Erste Group Bank downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.95.Waste Management’s Next Chapter Is Taking Shape for InvestorsView Our Latest Research Report on Waste ManagementInsiders Place Their BetsIn other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock. Waste Management Trading Down 0.1%Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETFNYSE:WM opened at $221.03 on Friday. The firm has a market capitalization of $89.05 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.73 and a beta of 0.58. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a fifty day moving average of $211.78 and a 200 day moving average of $220.64. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to analysts' expectations of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 EPS. On average, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year. Waste Management Announces DividendThe firm also recently declared 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 of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management's dividend payout ratio is presently 51.97%. About Waste Management (Free Report)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.Featured StoriesFive stocks we like better than Waste ManagementDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Waste Management Right Now?Before you consider Waste Management, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Management wasn't on the list.While Waste Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here