Waste Management, Inc. (NYSE:WM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,404 shares of the business services provider's stock after selling 7,619 shares during the period. Crossmark Global Holdings Inc.'s holdings in Waste Management were worth $12,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the 2nd quarter valued at $31,000. Fairway Wealth LLC lifted 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 valued at $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter worth about $36,000. Fairscale Capital LLC purchased a new position in shares of Waste Management during the 2nd quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of 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 buying an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 completion of the sale, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 1.7 %

Shares of WM traded up $3.68 during midday trading on Friday, reaching $224.12. The company had a trading volume of 1,854,171 shares, compared to its average volume of 1,366,246. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a 50 day simple moving average of $210.21 and a 200-day simple moving average of $209.26. Waste Management, Inc. has a 1-year low of $168.73 and a 1-year high of $226.36. The stock has a market cap of $89.96 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 annualized dividend and a dividend yield of 1.34%. Waste Management's dividend payout ratio is currently 45.87%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Scotiabank assumed coverage on Waste Management in a research report on Friday, October 4th. They set a "sector perform" rating and a $220.00 price target for the company. Truist Financial boosted their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised 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. StockNews.com raised shares of Waste Management from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.

About Waste Management

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.