M&T Bank Corp Sells 3,604 Shares of Waste Management, Inc. (NYSE:WM)

M&T Bank Corp lessened its position in Waste Management, Inc. (NYSE:WM - Free Report) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,526 shares of the business services provider's stock after selling 3,604 shares during the period. M&T Bank Corp owned 0.05% of Waste Management worth $43,913,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Trium Capital LLP grew its stake in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider's stock worth $2,498,000 after purchasing an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider's stock worth $2,553,000 after buying an additional 5,367 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Waste Management by 417.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider's stock valued at $720,000 after buying an additional 2,800 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Waste Management by 32.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider's stock worth $374,062,000 after acquiring an additional 437,613 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after acquiring an additional 709,678 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business'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 $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Waste Management Stock Up 0.1 %

WM stock traded up $0.30 during mid-day trading on Friday, reaching $205.83. 3,679,965 shares of the company traded hands, compared to its average volume of 1,632,453. 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's 50 day moving average price is $217.42 and its 200 day moving average price is $211.51. The stock has a market cap of $82.61 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.36 and a beta of 0.75. Waste Management, Inc. has a fifty-two week low of $175.62 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Waste Management's revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, December 6th. Waste Management's dividend payout ratio is presently 45.87%.

Analyst Ratings Changes

Several research firms have issued reports on WM. Morgan Stanley raised their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Argus upped their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $230.72.

Waste Management Company 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.