Koa Wealth Management LLC Increases Position in Waste Management, Inc. (NYSE:WM)

Koa Wealth Management LLC raised its stake in Waste Management, Inc. by 294.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,846 shares of the business services provider's stock after purchasing an additional 2,871 shares during the period. Koa Wealth Management LLC's holdings in Waste Management were worth $798,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Waste Management in the second quarter valued at approximately $31,000. Fairway Wealth LLC grew its position in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Waste Management in the 2nd quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL bought a new stake in Waste Management during the second quarter worth $36,000. Finally, Hexagon Capital Partners LLC grew its stake in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider's stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised Waste Management to a "strong-buy" rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Finally, Argus lifted their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management's dividend payout ratio (DPR) is presently 45.87%.