Banque Cantonale Vaudoise Raises Stake in Waste Management, Inc. (NYSE:WM)

Banque Cantonale Vaudoise raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 17.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 46,618 shares of the business services provider’s stock after acquiring an additional 6,841 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Waste Management were worth $9,678,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its stake in shares of Waste Management by 9.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,198 shares of the business services provider’s stock valued at $1,079,000 after acquiring an additional 466 shares during the period. Prospera Financial Services Inc raised its position in Waste Management by 23.7% in the third quarter. Prospera Financial Services Inc now owns 9,896 shares of the business services provider’s stock valued at $2,056,000 after purchasing an additional 1,894 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Waste Management by 321.6% during the third quarter. Meeder Asset Management Inc. now owns 88,792 shares of the business services provider’s stock worth $18,433,000 after purchasing an additional 67,732 shares in the last quarter. Chesapeake Wealth Management boosted its position in shares of Waste Management by 4.4% in the third quarter. Chesapeake Wealth Management now owns 1,539 shares of the business services provider’s stock worth $319,000 after buying an additional 65 shares during the period. Finally, Caprock Group LLC grew its stake in shares of Waste Management by 3.9% in the third quarter. Caprock Group LLC now owns 7,463 shares of the business services provider’s stock valued at $1,549,000 after buying an additional 283 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.2 %

NYSE WM opened at $218.31 on Tuesday. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.84. 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 50-day simple moving average of $211.80 and a 200-day simple moving average of $209.78. The firm has a market capitalization of $87.62 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly 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. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the business earned $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the company’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 completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer upped their price target on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. CIBC boosted their price objective on shares of Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

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.