World Investment Advisors LLC Has $1.95 Million Position in Waste Management, Inc. (NYSE:WM)

World Investment Advisors LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 245.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,413 shares of the business services provider's stock after acquiring an additional 6,689 shares during the quarter. World Investment Advisors LLC's holdings in Waste Management were worth $1,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WM. Aberdeen Wealth Management LLC boosted its holdings in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider's stock valued at $857,000 after buying an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock valued at $257,000 after acquiring an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider's stock valued at $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners increased its stake in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock worth $256,000 after purchasing an additional 49 shares during the last quarter. Finally, GYL Financial Synergies LLC lifted its stake in Waste Management by 3.8% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider's stock valued at $290,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on WM shares. Morgan Stanley upped their price objective on Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, CIBC upped their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus 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 that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

WM stock traded down $1.25 during midday trading on Friday, reaching $213.20. The company had a trading volume of 1,344,390 shares, compared to its average volume of 1,513,497. Waste Management, Inc. has a 1-year low of $173.01 and a 1-year high of $230.39. The stock has a 50 day moving average price of $217.66 and a 200-day moving average price of $211.43. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. 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 2.36 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 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during 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%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 EPS. Equities research analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend 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 currently 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.