3,223 Shares in Waste Management, Inc. $WM Acquired by Tradewinds LLC.

Tradewinds LLC. purchased a new stake in Waste Management, Inc. (NYSE:WM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,223 shares of the business services provider’s stock, valued at approximately $712,000.

Several other institutional investors have also modified their holdings of WM. Norges Bank acquired a new stake in Waste Management during the 2nd quarter worth $1,064,206,000. Vontobel Holding Ltd. increased its position in shares of Waste Management by 444.3% during the third quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider’s stock worth $487,157,000 after purchasing an additional 1,800,728 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Waste Management by 15,782.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after purchasing an additional 1,717,603 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock valued at $663,037,000 after purchasing an additional 1,034,258 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Waste Management by 982.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider’s stock worth $195,692,000 after buying an additional 804,285 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.6%

WM stock opened at $221.21 on Monday. The stock has a market capitalization of $89.12 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. The company has a fifty day moving average of $215.74 and a 200-day moving average of $219.16. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. As a group, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.825 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 51.97%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WM. National Bankshares reduced their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Truist Financial set a $260.00 price target on shares of Waste Management in a research report on Wednesday, October 29th. Royal Bank Of Canada decreased their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Baird R W upgraded shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, UBS Group upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.45.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.