Wilmington Savings Fund Society FSB Acquires 9,502 Shares of Waste Management, Inc. (NYSE:WM)

Wilmington Savings Fund Society FSB increased its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 491.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,435 shares of the business services provider's stock after purchasing an additional 9,502 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Waste Management were worth $2,374,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WM. Activest Wealth Management increased its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after buying an additional 120 shares in the last quarter. Fairway Wealth LLC lifted its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management during the second quarter worth about $36,000. Fairscale Capital LLC purchased a new stake in Waste Management in the 2nd quarter worth approximately $39,000. Finally, DHJJ Financial Advisors Ltd. grew its position in shares of Waste Management by 51.8% in the third quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider's stock valued at $44,000 after purchasing an additional 72 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of NYSE:WM traded down $1.25 on Friday, hitting $213.20. The company's stock had a trading volume of 1,344,390 shares, compared to its average volume of 1,613,531. Waste Management, Inc. has a 12 month low of $173.01 and a 12 month high of $230.39. The stock's 50-day moving average is $217.66 and its two-hundred day moving average is $211.40. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market capitalization of $85.57 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 2.26 and a beta of 0.75.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The business 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% on a year-over-year basis. During the same quarter last year, the business earned $1.63 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business'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 directly owns 3,875 shares of the company's stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. StockNews.com upgraded shares of Waste Management from a "buy" rating to a "strong-buy" rating in a report on Monday, December 9th. Scotiabank began coverage on Waste Management in a report on Friday, October 4th. They issued a "sector perform" rating and a $220.00 target price on the stock. Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. CIBC boosted their target price on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Finally, William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.