Crossmark Global Holdings Inc. reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,141 shares of the business services provider’s stock after selling 3,143 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Waste Management were worth $6,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Waste Management in the 2nd quarter valued at $9,622,000. Sit Investment Associates Inc. raised its holdings in shares of Waste Management by 57.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 38,940 shares of the business services provider’s stock valued at $3,167,000 after purchasing an additional 14,215 shares in the last quarter. GWM Advisors LLC raised its holdings in shares of Waste Management by 28.6% in the 2nd quarter. GWM Advisors LLC now owns 9,729 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 2,161 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Waste Management in the 2nd quarter valued at $1,916,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Waste Management by 11.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,678 shares of the business services provider’s stock valued at $1,926,000 after purchasing an additional 2,517 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on WM shares. Zacks Investment Research reiterated a “hold” rating and set a $103.00 price target on shares of Waste Management in a research note on Saturday. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. BMO Capital Markets lifted their price target on shares of Waste Management to $98.00 and gave the stock an “overweight” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Raymond James reiterated a “buy” rating on shares of Waste Management in a research note on Monday, October 29th. Finally, Oppenheimer reiterated a “buy” rating and set a $95.00 price target on shares of Waste Management in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Waste Management presently has a consensus rating of “Buy” and an average price target of $96.83.

Shares of NYSE:WM opened at $92.65 on Tuesday. Waste Management, Inc. has a 12 month low of $78.39 and a 12 month high of $93.29. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. The firm has a market cap of $39.49 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.82 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. Equities analysts expect that Waste Management, Inc. will post 4.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.465 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a yield of 2.01%. Waste Management’s dividend payout ratio is presently 57.76%.

In other Waste Management news, VP Jeff M. Harris sold 24,500 shares of Waste Management stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total value of $2,205,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.30% of the company’s stock.

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Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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