Waste Management, Inc. (NYSE:WM) Shares Sold by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,840 shares of the business services provider's stock after selling 6,050 shares during the quarter. Waste Management comprises approximately 2.7% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 8th largest holding. Buck Wealth Strategies LLC's holdings in Waste Management were worth $8,479,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management in the 2nd quarter worth approximately $31,000. Fairway Wealth LLC grew its stake in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock worth $36,000 after purchasing 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 stake in shares of Waste Management during the 2nd quarter worth approximately $39,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider's stock worth $42,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Trading Up 0.6 %

WM traded up $1.31 on Wednesday, hitting $226.09. The company had a trading volume of 486,483 shares, compared to its average volume of 1,615,483. The firm has a market cap of $90.75 billion, a P/E ratio of 34.52, a PEG ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The company's fifty day moving average price is $210.75 and its 200 day moving average price is $209.43. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, equities analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio is presently 45.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. BMO Capital Markets raised their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Waste Management from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 6th. Argus increased their target price on Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada increased 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. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $226.11.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction dated 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 directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.