SGL Investment Advisors Inc. Purchases New Shares in Waste Management, Inc. (NYSE:WM)

SGL Investment Advisors Inc. bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,991 shares of the business services provider's stock, valued at approximately $663,000.

Several other large investors also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its holdings in shares of 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 acquiring an additional 120 shares during the last quarter. Fairway Wealth LLC grew its stake in Waste Management by 62.9% in 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. Fairscale Capital LLC purchased a new stake in Waste Management in the second quarter worth about $39,000. Strategic Investment Solutions Inc. IL purchased a new position in Waste Management during the second quarter valued at $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in shares of Waste Management by 51.8% in the third 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. Institutional investors own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research analyst reports. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. CIBC increased their price target on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of 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, Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $229.33.

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company's stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Stock Down 2.0 %

NYSE WM traded down $4.52 on Monday, reaching $217.67. 807,214 shares of the stock traded hands, compared to its average volume of 1,609,365. Waste Management, Inc. has a 12 month low of $172.30 and a 12 month high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a fifty day moving average price of $216.94 and a 200-day moving average price of $211.22. The company has a market cap of $87.37 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.34 and a beta of 0.75.

Waste Management (NYSE:WM - Get Free Report) last released 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. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. As a group, research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management's payout ratio is currently 45.87%.

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.