iA Global Asset Management Inc. Has $14.61 Million Position in Waste Management, Inc. (NYSE:WM)

iA Global Asset Management Inc. raised its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 44.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,475 shares of the business services provider's stock after buying an additional 21,187 shares during the quarter. iA Global Asset Management Inc.'s holdings in Waste Management were worth $14,608,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WM. First Personal Financial Services boosted its holdings in Waste Management by 0.7% in the 2nd quarter. First Personal Financial Services now owns 67,274 shares of the business services provider's stock valued at $14,352,000 after purchasing an additional 460 shares during the period. KCM Investment Advisors LLC grew its position in Waste Management by 0.4% during the second quarter. KCM Investment Advisors LLC now owns 197,860 shares of the business services provider's stock worth $42,211,000 after buying an additional 786 shares in the last quarter. Arjuna Capital increased its stake in Waste Management by 92.3% during the second quarter. Arjuna Capital now owns 29,089 shares of the business services provider's stock valued at $6,206,000 after acquiring an additional 13,961 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Waste Management by 5.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,319 shares of the business services provider's stock worth $85,404,000 after acquiring an additional 19,696 shares during the period. Finally, Bank OZK increased its position in shares of Waste Management by 10.9% during the second quarter. Bank OZK now owns 4,150 shares of the business services provider's stock valued at $885,000 after purchasing an additional 408 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Michael J. Watson sold 1,500 shares of the firm's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now owns 44,144 shares of the company's stock, valued at approximately $9,711,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company's stock, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 1.0 %

Waste Management stock traded up $2.16 during mid-day trading on Friday, hitting $212.04. The stock had a trading volume of 1,780,493 shares, compared to its average volume of 1,671,641. The stock has a market capitalization of $85.10 billion, a PE ratio of 34.70, a P/E/G ratio of 2.34 and a beta of 0.74. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $225.00. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a 50-day simple moving average of $209.75 and a two-hundred day simple moving average of $208.22.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. Waste Management's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management's dividend payout ratio (DPR) is presently 49.10%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Erste Group Bank reissued a "hold" rating on shares of Waste Management in a report on Friday, June 14th. Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a "neutral" rating for the company in a research note on Friday, July 26th. Truist Financial lowered their price objective on Waste Management from $240.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 11th. CIBC cut their target price on Waste Management from $223.00 to $213.00 and set a "neutral" rating for the company in a research report on Friday, July 26th. Finally, Royal Bank of Canada dropped their price objective on Waste Management from $215.00 to $204.00 and set a "sector perform" rating for the company in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $215.83.

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.

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