Waste Management, Inc. (NYSE:WM) Stock Position Lifted by West Coast Financial LLC

West Coast Financial LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,520 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Waste Management accounts for approximately 1.4% of West Coast Financial LLC’s holdings, making the stock its 17th biggest position. West Coast Financial LLC’s holdings in Waste Management were worth $12,979,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock worth $969,401,000 after buying an additional 12,664 shares during the last quarter. Capital World Investors grew its position in Waste Management by 44.6% during the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after purchasing an additional 1,303,466 shares in the last quarter. Legal & General Group Plc lifted its stake in Waste Management by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock worth $820,539,000 after acquiring an additional 243,900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Waste Management by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider’s stock valued at $473,047,000 after acquiring an additional 221,380 shares in the last quarter. Finally, AMF Tjanstepension AB increased its holdings in shares of Waste Management by 85.6% in the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after purchasing an additional 720,358 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.2 %

Shares of Waste Management stock traded up $0.47 during trading on Friday, reaching $211.71. The stock had a trading volume of 233,318 shares, compared to its average volume of 1,639,151. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $84.91 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 52 week low of $153.95 and a 52 week high of $225.00. The stock has a fifty day moving average price of $207.28 and a two-hundred day moving average price of $208.48.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same period last year, the company earned $1.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. Waste Management’s payout ratio is 49.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. CIBC dropped their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. BMO Capital Markets reduced their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Robert W. Baird lowered their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial reduced their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.89.

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.