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

OneDigital Investment Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,258 shares of the business services provider’s stock after purchasing an additional 903 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Waste Management were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. lifted its stake in Waste Management by 7.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,087 shares of the business services provider’s stock valued at $2,302,000 after buying an additional 733 shares during the last quarter. Metis Global Partners LLC boosted its stake in Waste Management by 2.1% during the 3rd quarter. Metis Global Partners LLC now owns 12,815 shares of the business services provider’s stock valued at $2,660,000 after purchasing an additional 261 shares during the period. Schulhoff & Co. Inc. grew its position in Waste Management by 1.4% in the 3rd quarter. Schulhoff & Co. Inc. now owns 9,731 shares of the business services provider’s stock worth $2,020,000 after purchasing an additional 130 shares during the last quarter. Curi RMB Capital LLC increased its stake in shares of Waste Management by 278.6% in the third quarter. Curi RMB Capital LLC now owns 3,828 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 2,817 shares during the period. Finally, Planning Capital Management Corp raised its holdings in shares of Waste Management by 52.2% during the third quarter. Planning Capital Management Corp now owns 245 shares of the business services provider’s stock valued at $51,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on WM shares. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Oppenheimer lifted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Scotiabank began coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.11.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Down 1.7 %

Shares of NYSE:WM opened at $217.90 on Friday. Waste Management, Inc. has a 52 week low of $168.73 and a 52 week high of $226.84. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $87.46 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The firm has a 50 day simple moving average of $211.61 and a 200 day simple moving average of $209.67.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, research analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio is currently 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.