RBO & Co. LLC Purchases 51,681 Shares of Waste Management, Inc. (NYSE:WM)

RBO & Co. LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1,722.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,681 shares of the business services provider's stock after acquiring an additional 51,681 shares during the period. RBO & Co. LLC's holdings in Waste Management were worth $11,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after purchasing an additional 120 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the second quarter worth about $31,000. Fairway Wealth LLC grew its holdings in shares of 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 buying an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management during the 2nd quarter worth approximately $36,000. Finally, Fairscale Capital LLC bought a new position in shares of Waste Management during the 2nd quarter worth approximately $39,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 transaction, the director now directly owns 3,875 shares of the company's stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.8 %

WM opened at $227.45 on Wednesday. The stock has a fifty day moving average of $213.68 and a 200-day moving average of $210.32. The company has a market capitalization of $91.29 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $228.52. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.32%. Waste Management's dividend payout ratio is presently 45.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. StockNews.com raised Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Saturday. BMO Capital Markets raised their price target on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, 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 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.

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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