Waste Management, Inc. (NYSE:WM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,146,111 shares of the business services provider's stock after acquiring an additional 168,818 shares during the period. Geode Capital Management LLC owned about 2.03% of Waste Management worth $1,686,203,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Trium Capital LLP lifted its stake in Waste Management by 33.6% during 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. lifted its position in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider's stock worth $2,553,000 after buying an additional 5,367 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Waste Management by 417.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider's stock valued at $720,000 after buying an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Waste Management by 32.1% in the 3rd 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 buying an additional 437,613 shares during the last quarter. Finally, Swedbank AB raised its stake 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 acquiring an additional 709,678 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on WM shares. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Argus increased their price objective on Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on shares of Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Scotiabank began 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. 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $230.72.

Insider Buying and Selling

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. Insiders own 0.18% of the company's stock.

Waste Management Price Performance

Shares of NYSE WM traded down $1.50 during midday trading on Wednesday, hitting $214.58. The company had a trading volume of 1,676,556 shares, compared to its average volume of 1,615,338. The firm has a market capitalization of $86.13 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75. Waste Management, Inc. has a twelve month low of $173.01 and a twelve month high of $230.39. The business has a 50-day simple moving average of $217.30 and a two-hundred day simple moving average of $211.32. 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 posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. Equities research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, December 6th. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

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.