Waste Management, Inc. (NYSE:WM) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 5.5% during the 3rd quarter, Holdings Channel reports. The fund owned 79,439 shares of the business services provider’s stock after buying an additional 4,155 shares during the quarter. Sanctuary Advisors LLC’s holdings in Waste Management were worth $17,827,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WM. Activest Wealth Management grew its stake in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Fairway Wealth LLC grew its position in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the second quarter worth $36,000. Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter valued at $39,000. Finally, DHJJ Financial Advisors Ltd. grew its holdings in shares of Waste Management by 51.8% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock worth $44,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

Shares of Waste Management stock opened at $214.47 on Friday. The firm has a market capitalization of $86.08 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.26 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52 week low of $173.01 and a 52 week high of $230.39. The firm’s 50 day moving average is $217.55 and its two-hundred day moving average is $211.37.

Waste Management (NYSE:WMGet Free Report) last announced 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 analyst estimates of $5.51 billion. During the same period last year, the business earned $1.63 EPS. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research 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 paid 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 yield of 1.40%. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WM shares. BMO Capital Markets increased their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price 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. JPMorgan Chase & Co. upped their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley raised their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Ten 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’s stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $230.72.

Check Out Our Latest Stock Analysis on Waste Management

Waste Management Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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