Concurrent Investment Advisors LLC Trims Position in Waste Management, Inc. (NYSE:WM)

Concurrent Investment Advisors LLC decreased its position in Waste Management, Inc. (NYSE:WM - Free Report) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,981 shares of the business services provider's stock after selling 5,457 shares during the period. Concurrent Investment Advisors LLC's holdings in Waste Management were worth $4,148,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Scotiabank began coverage on Waste Management in a research report on Friday, October 4th. They issued a "sector perform" rating and a $220.00 target price for the company. Royal Bank of Canada increased their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Eleven 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 data from MarketBeat.com, Waste Management currently has an average rating of "Moderate Buy" and an average price target of $226.11.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on 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 owns 3,875 shares in the company, valued at $834,946.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Stock Up 0.8 %

Waste Management stock traded up $1.73 during trading hours on Thursday, hitting $220.21. 609,716 shares of the stock traded hands, compared to its average volume of 1,616,866. The company has a market cap of $88.39 billion, a PE ratio of 33.40, a PEG ratio of 2.26 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm's 50-day moving average price is $209.76 and its two-hundred day moving average price is $209.06. Waste Management, Inc. has a one year low of $168.73 and a one year high of $225.00.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion during the quarter, compared to analysts' expectations of $5.51 billion. During the same period last year, the company posted $1.63 EPS. Waste Management's revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.36%. Waste Management's 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.