3,510 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Core Wealth Partners LLC

Core Wealth Partners LLC purchased a new stake in Waste Management, Inc. (NYSE:WM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,510 shares of the business services provider's stock, valued at approximately $729,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock valued at $969,401,000 after purchasing an additional 12,664 shares during the last quarter. Capital World Investors boosted its holdings in shares of Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock valued at $900,957,000 after acquiring an additional 1,303,466 shares during the period. Legal & General Group Plc boosted its holdings in shares of Waste Management by 6.8% in the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock valued at $820,539,000 after acquiring an additional 243,900 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% in the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock valued at $538,013,000 after acquiring an additional 2,588,842 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Waste Management by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider's stock valued at $473,047,000 after acquiring an additional 221,380 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WM shares. CIBC increased their price objective on Waste Management from $213.00 to $228.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. StockNews.com raised Waste Management from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th. Morgan Stanley increased their price target on Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Oppenheimer increased their price target on Waste Management from $230.00 to $231.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.11.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of WM stock traded down $0.52 during mid-day trading on Monday, reaching $223.60. The stock had a trading volume of 1,084,760 shares, compared to its average volume of 1,619,001. The company has a market cap of $89.75 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74. The business has a 50-day simple moving average of $210.21 and a 200 day simple moving average of $209.25. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.50. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analysts' expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio is presently 45.87%.

Waste Management 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.