Natixis Advisors LLC grew its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 521,137 shares of the business services provider's stock after buying an additional 103,223 shares during the quarter. Natixis Advisors LLC owned 0.13% of Waste Management worth $108,188,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its stake in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock worth $257,000 after purchasing an additional 46 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its position in shares of 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 valued at $336,000 after buying an additional 47 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% in 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. Balboa Wealth Partners raised its stake in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock worth $256,000 after acquiring an additional 49 shares in the last quarter. Finally, Cypress Asset Management Inc. TX lifted its position in Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider's stock valued at $907,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company's stock.
Waste Management Price Performance
NYSE WM traded down $3.82 during trading hours on Friday, hitting $217.90. 1,796,714 shares of the company's stock traded hands, compared to its average volume of 1,494,235. The firm's 50-day moving average is $211.61 and its 200-day moving average is $209.67. The company has a market capitalization of $87.46 billion, a PE ratio of 33.32, a PEG ratio of 2.34 and a beta of 0.74. 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.
Waste Management (NYSE:WM - Get Free Report) last posted its earnings results 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 company had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Waste Management's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.
Waste Management Dividend Announcement
The company also recently declared 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 is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. Waste Management's dividend payout ratio is currently 45.87%.
Insider Activity
In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on WM. The Goldman Sachs Group raised Waste Management to a "strong-buy" rating in a report on Friday, July 26th. Truist Financial lifted their target price 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. William Blair initiated coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They set a "sector perform" rating and a $220.00 price objective on the stock. Finally, CIBC lifted their price target on Waste Management from $213.00 to $228.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.
Read Our Latest Analysis on Waste Management
Waste Management Company Profile
(
Free Report)
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.
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