Charles Schwab Investment Management Inc. raised its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,087,006 shares of the business services provider's stock after purchasing an additional 18,983 shares during the period. Charles Schwab Investment Management Inc. owned 0.52% of Waste Management worth $433,262,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Trium Capital LLP boosted its holdings in 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 purchasing an additional 3,029 shares during the period. J.W. Cole Advisors Inc. increased its stake in Waste Management by 77.4% in 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 acquiring an additional 5,367 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised 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 acquiring 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% during 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 acquiring an additional 437,613 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after purchasing an additional 709,678 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Oppenheimer boosted their price target 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. StockNews.com lowered Waste Management from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded shares of Waste Management to a "strong-buy" rating in a research report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $226.11.
View Our Latest Research Report on Waste Management
In other news, Director Maryrose Sylvester sold 310 shares of the 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 $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.
Shares of WM stock opened at $221.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The business's fifty day moving average is $212.52 and its 200 day moving average is $210.00. The stock has a market cap of $88.92 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.84.
Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company'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 posted $1.63 earnings per share. Research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Waste Management's payout ratio is currently 45.87%.
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.
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