Stock Yards Bank & Trust Co. Sells 5,432 Shares of Waste Management, Inc. (NYSE:WM)

Stock Yards Bank & Trust Co. trimmed its position in Waste Management, Inc. (NYSE:WM - Free Report) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,645 shares of the business services provider's stock after selling 5,432 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Waste Management were worth $33,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WM. International Assets Investment Management LLC lifted its stake in Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock valued at $538,013,000 after purchasing an additional 2,588,842 shares during the last quarter. Wulff Hansen & CO. boosted its stake in shares of Waste Management by 20,402.6% during the 2nd 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 in the last quarter. Swedbank AB grew its holdings in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after acquiring an additional 709,678 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Waste Management by 248.5% during the second quarter. Los Angeles Capital Management LLC now owns 984,774 shares of the business services provider's stock worth $210,092,000 after purchasing an additional 702,188 shares during the period. Finally, Parnassus Investments LLC lifted its holdings in shares of Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider's stock valued at $1,063,072,000 after purchasing an additional 520,096 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on WM. Truist Financial boosted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Monday. Argus lifted 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. CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, Oppenheimer upped their price target on Waste Management from $230.00 to $231.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Ten 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.72.

Waste Management Stock Down 0.0 %

Shares of Waste Management stock traded down $0.07 during midday trading on Thursday, reaching $214.45. 1,425,821 shares of the company's stock traded hands, compared to its average volume of 1,614,653. The company has a market cap of $86.07 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.34 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's 50 day simple moving average is $217.44 and its 200 day simple moving average is $211.35. 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 announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to analysts' expectations of $5.51 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that Waste Management, Inc. will post 7.31 earnings per share 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 paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 6th. Waste Management's payout ratio is 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.