Brown Shipley& Co Ltd Sells 1,002 Shares of Waste Management, Inc. (NYSE:WM)

Brown Shipley& Co Ltd decreased its position in Waste Management, Inc. (NYSE:WM) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,363 shares of the business services provider’s stock after selling 1,002 shares during the quarter. Waste Management accounts for approximately 1.7% of Brown Shipley& Co Ltd’s holdings, making the stock its 22nd biggest holding. Brown Shipley& Co Ltd’s holdings in Waste Management were worth $3,397,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FORA Capital LLC grew its holdings in shares of Waste Management by 707.5% during the third quarter. FORA Capital LLC now owns 28,600 shares of the business services provider’s stock worth $5,937,000 after purchasing an additional 25,058 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Waste Management by 18.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,614 shares of the business services provider’s stock worth $335,000 after buying an additional 249 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Waste Management by 5.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,205 shares of the business services provider’s stock worth $7,101,000 after acquiring an additional 1,701 shares during the last quarter. RBO & Co. LLC increased its position in Waste Management by 1,722.7% in the 3rd quarter. RBO & Co. LLC now owns 54,681 shares of the business services provider’s stock valued at $11,352,000 after acquiring an additional 51,681 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Waste Management by 8.5% in the third quarter. Townsquare Capital LLC now owns 27,280 shares of the business services provider’s stock worth $5,663,000 after acquiring an additional 2,133 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of several research analyst reports. CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. UBS Group increased their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Argus raised their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Ten 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.94.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.5 %

Shares of NYSE WM opened at $228.50 on Thursday. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $230.39. The stock has a market cap of $91.71 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 2.37 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company’s fifty day moving average is $214.21 and its 200-day moving average is $210.45.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping 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 firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently announced 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 1.31%. Waste Management’s payout ratio is 45.87%.

Waste Management Company 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.