Curi RMB Capital LLC Buys 2,817 Shares of Waste Management, Inc. (NYSE:WM)

Curi RMB Capital LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 278.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,828 shares of the business services provider's stock after purchasing an additional 2,817 shares during the period. Curi RMB Capital LLC's holdings in Waste Management were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. ARS Wealth Advisors Group LLC grew its holdings in Waste Management by 3.1% during the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider's stock worth $336,000 after purchasing an additional 47 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its stake in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider's stock worth $546,000 after buying an additional 49 shares during the last quarter. Cypress Asset Management Inc. TX boosted its holdings in shares of Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider's stock worth $907,000 after buying an additional 50 shares during the period. GYL Financial Synergies LLC raised its holdings in Waste Management by 3.8% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider's stock valued at $290,000 after acquiring an additional 50 shares during the period. Finally, Aries Wealth Management lifted its position in Waste Management by 0.6% during the second quarter. Aries Wealth Management now owns 8,780 shares of the business services provider's stock worth $1,873,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Waste Management Trading Down 1.7 %

NYSE WM traded down $3.82 during trading hours on Friday, reaching $217.90. The company's stock had a trading volume of 1,796,714 shares, compared to its average volume of 1,494,235. The firm has a fifty day simple moving average of $211.61 and a 200-day simple moving average of $209.67. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 52 week low of $168.73 and a 52 week high of $226.84. The stock has a market cap of $87.46 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.34 and a beta of 0.74.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WM. CIBC increased their target price on Waste Management from $213.00 to $228.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Scotiabank started coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price target on the stock. Truist Financial lifted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $226.11.

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.