Victory Capital Management Inc. Sells 3,549 Shares of Waste Management, Inc. (NYSE:WM)

Victory Capital Management Inc. decreased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,191 shares of the business services provider's stock after selling 3,549 shares during the quarter. Victory Capital Management Inc.'s holdings in Waste Management were worth $37,200,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WM. Ameriprise Financial Inc. raised its holdings in Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock worth $969,401,000 after purchasing an additional 12,664 shares during the period. Capital World Investors increased its position in shares of Waste Management by 44.6% in the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock valued at $900,957,000 after buying an additional 1,303,466 shares in the last quarter. Legal & General Group Plc raised its stake in Waste Management by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock worth $820,539,000 after buying an additional 243,900 shares during the period. International Assets Investment Management LLC grew its stake in Waste Management by 94,414.4% in 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 acquiring an additional 2,588,842 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Waste Management by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider's stock worth $473,047,000 after acquiring an additional 221,380 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WM shares. Truist Financial boosted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. UBS Group upped their price objective on Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Oppenheimer upped their price target on Waste Management from $230.00 to $231.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, Argus boosted 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. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $226.11.

Insider Buying and Selling at Waste Management

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

Waste Management Price Performance

WM traded down $3.82 on Friday, hitting $217.90. 1,796,714 shares of the stock were exchanged, compared to its average volume of 1,494,235. 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, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84. The firm has a market capitalization of $87.46 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.30 and a beta of 0.74. The business has a 50-day moving average of $211.61 and a two-hundred day moving average of $209.68.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the business posted $1.63 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

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