TCW Group Inc. Has $8.35 Million Stake in Waste Management, Inc. (NYSE:WM)

TCW Group Inc. lessened its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,230 shares of the business services provider's stock after selling 5,372 shares during the quarter. TCW Group Inc.'s holdings in Waste Management were worth $8,352,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trium Capital LLP raised its stake in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider's stock valued at $2,498,000 after acquiring an additional 3,029 shares during the period. J.W. Cole Advisors Inc. raised its position in Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider's stock valued at $2,553,000 after purchasing an additional 5,367 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider's stock worth $720,000 after purchasing an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Waste Management by 32.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider's stock worth $374,062,000 after buying an additional 437,613 shares during the period. Finally, Swedbank AB grew its stake in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock valued at $366,537,000 after buying an additional 709,678 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of NYSE:WM traded down $0.05 on Thursday, reaching $214.47. 1,425,885 shares of the company's stock were exchanged, compared to its average volume of 1,614,653. The business's 50-day moving average is $217.44 and its two-hundred day moving average is $211.35. 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, Inc. has a fifty-two week low of $173.01 and a fifty-two week high of $230.39. The firm has a market capitalization of $86.08 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.34 and a beta of 0.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.63 earnings per share. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped 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 report on Wednesday, October 30th. Finally, 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. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $230.72.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company'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 transaction, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.