Waste Management, Inc. (NYSE:WM) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its stake in Waste Management, Inc. (NYSE:WM) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,037 shares of the business services provider’s stock after purchasing an additional 455 shares during the quarter. Waste Management accounts for 1.1% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 19th biggest holding. Pittenger & Anderson Inc.’s holdings in Waste Management were worth $29,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geneva Partners LLC increased its stake in Waste Management by 2.4% in the 3rd quarter. Geneva Partners LLC now owns 2,221 shares of the business services provider’s stock valued at $461,000 after buying an additional 51 shares during the period. Amalgamated Bank lifted its position in Waste Management by 3.9% in the third quarter. Amalgamated Bank now owns 84,039 shares of the business services provider’s stock valued at $17,446,000 after purchasing an additional 3,120 shares during the period. United Advisor Group LLC boosted its holdings in Waste Management by 27.6% in the 3rd quarter. United Advisor Group LLC now owns 1,198 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 259 shares in the last quarter. Impax Asset Management Group plc increased its position in Waste Management by 7.6% during the 3rd quarter. Impax Asset Management Group plc now owns 1,741,090 shares of the business services provider’s stock worth $361,450,000 after purchasing an additional 122,696 shares during the period. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of Waste Management by 14.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 143,739 shares of the business services provider’s stock valued at $29,840,000 after buying an additional 17,691 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a 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. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird decreased their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $226.05.

Waste Management Stock Performance

Shares of NYSE WM opened at $214.24 on Tuesday. 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 cap of $85.99 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. The company has a 50-day simple moving average of $209.44 and a 200-day simple moving average of $208.94. Waste Management, Inc. has a 12 month low of $167.78 and a 12 month high of $225.00.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm posted $1.63 EPS. Waste Management’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 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.