Oddo BHF Asset Management Sas Takes $1.88 Million Position in Waste Management, Inc. (NYSE:WM)

Oddo BHF Asset Management Sas acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,045 shares of the business services provider's stock, valued at approximately $1,878,000.

Several other large investors also recently modified their holdings of the company. Activest Wealth Management grew its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after acquiring an additional 120 shares during the period. Fairway Wealth LLC grew its stake in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Waste Management in the second quarter worth approximately $36,000. Fairscale Capital LLC acquired a new position in Waste Management in the second quarter valued at approximately $39,000. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in shares of Waste Management by 51.8% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider's stock worth $44,000 after buying an additional 72 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research reports. StockNews.com upgraded shares of Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Monday, December 9th. Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Ten research 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $230.72.

Waste Management Stock Performance

Shares of WM stock traded down $1.25 during trading on Friday, hitting $213.20. The company's stock had a trading volume of 1,344,390 shares, compared to its average volume of 1,613,531. The business has a fifty day moving average of $217.66 and a 200-day moving average of $211.40. The company has a market cap of $85.57 billion, a PE ratio of 32.60, a P/E/G ratio of 2.26 and a beta of 0.75. Waste Management, Inc. has a 52 week low of $173.01 and a 52 week high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

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 the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management's payout ratio is 45.87%.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company's stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

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.