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

Signature Estate & Investment Advisors LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,239 shares of the business services provider’s stock after purchasing an additional 46 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Waste Management were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WM. TIAA Trust National Association increased its stake in shares of Waste Management by 5.2% in the first quarter. TIAA Trust National Association now owns 19,675 shares of the business services provider’s stock valued at $4,194,000 after purchasing an additional 966 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Waste Management by 11.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,724 shares of the business services provider’s stock worth $2,286,000 after acquiring an additional 1,094 shares during the period. Patten & Patten Inc. TN bought a new position in shares of Waste Management in the first quarter worth $211,000. Edgestream Partners L.P. raised its stake in shares of Waste Management by 202.7% during the first quarter. Edgestream Partners L.P. now owns 16,655 shares of the business services provider’s stock valued at $3,550,000 after purchasing an additional 11,152 shares in the last quarter. Finally, Catalytic Wealth RIA LLC lifted its holdings in Waste Management by 19.3% in the first quarter. Catalytic Wealth RIA LLC now owns 2,375 shares of the business services provider’s stock worth $506,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on WM shares. BMO Capital Markets boosted their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Oppenheimer upped their price objective on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Waste Management Stock Down 1.7 %

Waste Management stock opened at $217.90 on Friday. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month 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 firm has a market cap of $87.46 billion, a PE ratio of 33.32, a P/E/G ratio of 2.30 and a beta of 0.74. The firm’s 50 day moving average price is $211.61 and its two-hundred day moving average price is $209.68.

Waste Management (NYSE:WM) last issued 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. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. On average, research analysts predict that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

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