Waste Management, Inc. (NYSE:WM) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,433,408 shares of the business services provider's stock after acquiring an additional 276,287 shares during the quarter. Barclays PLC owned approximately 0.61% of Waste Management worth $505,175,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Activest Wealth Management boosted its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock valued at $26,000 after acquiring an additional 120 shares during the period. Fairway Wealth LLC grew its position in Waste Management by 62.9% during 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 during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the second quarter valued at $36,000. Fairscale Capital LLC acquired a new stake in shares of Waste Management during the second quarter worth about $39,000. Finally, DHJJ Financial Advisors Ltd. increased its position in Waste Management by 51.8% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider's stock valued at $44,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

WM stock traded down $4.73 during trading on Monday, hitting $217.46. 1,652,576 shares of the company's stock traded hands, compared to its average volume of 1,612,590. The stock has a fifty day moving average price of $216.94 and a two-hundred day moving average price of $211.22. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52 week low of $172.30 and a 52 week high of $230.39. The stock has a market capitalization of $87.28 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same period in the prior year, the firm earned $1.63 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WM shares. Royal Bank of Canada lifted their target price on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They set a "sector perform" rating and a $220.00 price target on the stock. BMO Capital Markets lifted their price target on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $229.33.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

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.