Los Angeles Capital Management LLC Has $115.63 Million Stake in Waste Management, Inc. (NYSE:WM)

Los Angeles Capital Management LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 43.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 556,976 shares of the business services provider's stock after selling 427,798 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.14% of Waste Management worth $115,628,000 at the end of the most recent quarter.

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

Waste Management Price Performance

Shares of NYSE WM traded up $3.68 during mid-day trading on Friday, reaching $224.12. 1,854,171 shares of the company traded hands, compared to its average volume of 1,366,246. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $226.36. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm 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. The stock has a fifty day simple moving average of $210.21 and a 200-day simple moving average of $209.26.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 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 business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the business earned $1.63 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate 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 given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the 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 transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group increased their price target 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. JPMorgan Chase & Co. raised their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Truist Financial raised their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Waste Management from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.