Waste Management, Inc. (NYSE:WM) Shares Purchased by KBC Group NV

KBC Group NV lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 49.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,802 shares of the business services provider's stock after buying an additional 104,299 shares during the period. KBC Group NV owned approximately 0.08% of Waste Management worth $65,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the 2nd quarter valued at approximately $31,000. Fairway Wealth LLC lifted its position in shares of 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. Fairscale Capital LLC purchased a new stake in shares of Waste Management during the 2nd quarter worth $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management during the 2nd quarter worth $36,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of Waste Management by 67.2% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WM. Royal Bank of Canada lifted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price target on shares of Waste Management from $230.00 to $231.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Scotiabank began 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. Finally, Truist Financial lifted their price target 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. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.

Waste Management Trading Down 1.4 %

Shares of Waste Management stock traded down $3.14 during trading hours on Thursday, hitting $222.54. The company's stock had a trading volume of 509,252 shares, compared to its average volume of 1,613,308. Waste Management, Inc. has a 1-year low of $168.73 and a 1-year high of $226.84. The business has a fifty day moving average of $211.08 and a 200 day moving average of $209.55. The company has a market capitalization of $89.32 billion, a PE ratio of 34.19, a P/E/G ratio of 2.37 and a beta of 0.74. 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 (NYSE:WM - Get Free Report) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management's payout ratio is currently 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.