Tidal Investments LLC Trims Position in Waste Management, Inc. (NYSE:WM)

Tidal Investments LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,737 shares of the business services provider's stock after selling 2,972 shares during the period. Tidal Investments LLC's holdings in Waste Management were worth $7,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Activest Wealth Management grew its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock valued at $26,000 after purchasing an additional 120 shares during the period. Fairway Wealth LLC grew its stake in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock valued at $36,000 after buying an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd 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. grew its position in 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 acquiring an additional 72 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.4 %

Shares of NYSE:WM traded down $0.79 during trading hours on Friday, reaching $213.66. The stock had a trading volume of 692,494 shares, compared to its average volume of 1,610,599. Waste Management, Inc. has a 1 year low of $173.01 and a 1 year high of $230.39. The firm's 50 day moving average is $217.55 and its 200-day moving average is $211.37. The stock has a market capitalization of $85.76 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 2.26 and a beta of 0.75. 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 earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for 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%. Waste Management's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. Research analysts predict that Waste Management, Inc. will post 7.31 earnings per share 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. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.40%. Waste Management's dividend payout ratio is currently 45.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WM shares. Scotiabank assumed coverage on Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price target on the stock. Oppenheimer upped 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. CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Argus upped their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.72.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the firm's 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 transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Waste Management Company 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.