Unigestion Holding SA Purchases 38,334 Shares of Waste Management, Inc. (NYSE:WM)

Unigestion Holding SA boosted its holdings in Waste Management, Inc. (NYSE:WM) by 28.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,293 shares of the business services provider’s stock after acquiring an additional 38,334 shares during the quarter. Waste Management accounts for about 1.7% of Unigestion Holding SA’s investment portfolio, making the stock its 19th largest position. Unigestion Holding SA’s holdings in Waste Management were worth $36,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WM. Trium Capital LLP raised its stake in Waste Management by 33.6% in the third 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 in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of 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 buying an additional 5,367 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Waste Management by 417.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after buying an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings 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 worth $374,062,000 after acquiring an additional 437,613 shares during the last quarter. Finally, Swedbank AB grew its position in Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WM shares. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Monday. Oppenheimer increased their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. BMO Capital Markets upped their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $229.33.

Waste Management Trading Down 0.7 %

NYSE:WM opened at $216.00 on Wednesday. The company’s 50-day simple moving average is $217.14 and its 200 day simple moving average is $211.27. Waste Management, Inc. has a one year low of $172.30 and a one year high of $230.39. The firm has a market capitalization of $86.70 billion, a P/E ratio of 33.03, a PEG ratio of 2.34 and a beta of 0.75. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.