Waste Management, Inc. (NYSE:WM) Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,971 shares of the business services provider's stock after buying an additional 3,436 shares during the period. Strategy Asset Managers LLC's holdings in Waste Management were worth $5,392,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WM. Trium Capital LLP raised its stake in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider's stock worth $2,498,000 after purchasing an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider's stock valued at $2,553,000 after acquiring an additional 5,367 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider's stock valued at $720,000 after purchasing an additional 2,800 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Waste Management by 32.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider's stock valued at $374,062,000 after purchasing an additional 437,613 shares during the last quarter. Finally, Swedbank AB grew its position in Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after purchasing an additional 709,678 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Down 0.6 %

NYSE:WM traded down $1.35 on Wednesday, reaching $217.70. The company's stock had a trading volume of 357,007 shares, compared to its average volume of 1,607,816. The stock has a 50 day moving average price of $212.02 and a 200 day moving average price of $209.86. The firm has a market cap of $87.38 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same period last year, the firm earned $1.63 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 6th. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Waste Management from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. BMO Capital Markets boosted their price objective on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer increased their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Finally, Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They set a "sector perform" rating and a $220.00 target price for the company. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.11.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction 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 transaction, the director now owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

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.