8,295 Shares in Waste Management, Inc. (NYSE:WM) Acquired by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. acquired a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,295 shares of the business services provider's stock, valued at approximately $1,725,000. Waste Management accounts for 1.3% of OmniStar Financial Group Inc.'s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sustainable Growth Advisers LP acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $300,594,000. Capital World Investors boosted its holdings in Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock worth $900,957,000 after buying an additional 1,303,466 shares in the last quarter. Swedbank AB purchased a new position in Waste Management in the first quarter valued at $193,955,000. Wulff Hansen & CO. raised its position in shares of Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider's stock worth $185,196,000 after acquiring an additional 863,846 shares during the period. Finally, AMF Tjanstepension AB boosted its stake in shares of Waste Management by 85.6% during the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider's stock worth $333,234,000 after acquiring an additional 720,358 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. William Blair began coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Royal Bank of Canada dropped their target price on shares of Waste Management from $215.00 to $204.00 and set a "sector perform" rating on the stock in a research report on Friday, July 26th. Truist Financial reduced their price target on shares of Waste Management from $240.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets cut their price objective on Waste Management from $215.00 to $213.00 and set a "market perform" rating for the company in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $218.89.

Waste Management Trading Down 0.2 %

NYSE:WM traded down $0.33 on Friday, reaching $212.75. The company's stock had a trading volume of 816,086 shares, compared to its average volume of 1,624,653. Waste Management, Inc. has a 12-month low of $153.95 and a 12-month high of $225.00. The stock has a 50 day moving average price of $208.28 and a 200 day moving average price of $208.48. The firm has a market cap of $85.38 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio (DPR) is 47.69%.

Waste Management 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.