Waste Management, Inc. (NYSE:WM) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,104 shares of the business services provider's stock after selling 4,884 shares during the quarter. Atria Investments Inc's holdings in Waste Management were worth $4,796,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management during the second quarter valued at about $31,000. Fairway Wealth LLC increased its holdings in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the second quarter valued at about $36,000. Fairscale Capital LLC acquired a new position in shares of Waste Management during the second quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They set a "sector perform" rating and a $220.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Waste Management from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th. Finally, William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $226.11.

Waste Management Price Performance

Shares of NYSE:WM traded up $0.90 during midday trading on Wednesday, reaching $225.68. 1,086,874 shares of the company's stock traded hands, compared to its average volume of 1,618,325. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The company has a market cap of $90.58 billion, a P/E ratio of 34.52, a PEG ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a fifty day simple moving average of $210.75 and a two-hundred day simple moving average of $209.43.

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

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management's payout ratio is currently 45.87%.

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.