Toronto Dominion Bank Boosts Holdings in Waste Management, Inc. (NYSE:WM)

Toronto Dominion Bank boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,454 shares of the business services provider's stock after buying an additional 3,495 shares during the period. Toronto Dominion Bank's holdings in Waste Management were worth $38,500,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Waste Management by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider's stock worth $1,686,203,000 after buying an additional 168,818 shares in the last quarter. Parnassus Investments LLC boosted its holdings in Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider's stock worth $1,063,072,000 after acquiring an additional 520,096 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Waste Management by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock worth $969,401,000 after acquiring an additional 12,664 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Waste Management by 6.8% in the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock valued at $820,539,000 after purchasing an additional 243,900 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of 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 in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

WM stock traded down $0.05 during mid-day trading on Thursday, reaching $214.47. 1,425,885 shares of the company traded hands, compared to its average volume of 1,614,653. The company has a fifty day moving average price of $217.44 and a 200-day moving average price of $211.35. Waste Management, Inc. has a 52-week low of $173.01 and a 52-week high of $230.39. The company has a market capitalization of $86.08 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.34 and a beta of 0.75. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM - Get Free Report) last posted its 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 net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. Waste Management's revenue was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 6th. Waste Management's payout ratio is 45.87%.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

WM has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They set a "sector perform" rating and a $220.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and an average price target of $230.72.

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.