Waste Management, Inc. (NYSE:WM) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 1.7% in the 3rd 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 about 0.05% of Waste Management worth $43,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Guardian Wealth Management Inc. boosted its holdings in Waste Management by 0.8% in the 3rd quarter. Guardian Wealth Management Inc. now owns 14,668 shares of the business services provider's stock worth $3,045,000 after buying an additional 120 shares during the last quarter. Barclays PLC boosted its holdings in Waste Management by 12.8% in the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider's stock worth $505,175,000 after buying an additional 276,287 shares during the last quarter. SGL Investment Advisors Inc. acquired a new stake in Waste Management in the 3rd quarter worth about $663,000. Groupama Asset Managment boosted its holdings in Waste Management by 40.3% in the 3rd quarter. Groupama Asset Managment now owns 18,472 shares of the business services provider's stock worth $3,835,000 after buying an additional 5,304 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Waste Management by 170.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 333,922 shares of the business services provider's stock worth $69,322,000 after buying an additional 210,258 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Trading Down 0.7 %

NYSE WM traded down $1.47 on Tuesday, reaching $216.00. The stock had a trading volume of 2,098,298 shares, compared to its average volume of 1,615,047. The firm has a market capitalization of $86.70 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.34 and a beta of 0.75. 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, Inc. has a 12-month low of $172.30 and a 12-month high of $230.39. The stock has a fifty day moving average price of $217.14 and a two-hundred day moving average price of $211.27.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management's dividend payout ratio is currently 45.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted 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. CIBC boosted their target price on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They set a "sector perform" rating and a $220.00 target price on the stock. Argus boosted their target price on Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Ten 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. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $229.33.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

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.