Metis Global Partners LLC Acquires 261 Shares of Waste Management, Inc. (NYSE:WM)

Metis Global Partners LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,815 shares of the business services provider’s stock after purchasing an additional 261 shares during the quarter. Metis Global Partners LLC’s holdings in Waste Management were worth $2,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its stake in Waste Management by 16.3% during the first quarter. Kingsview Wealth Management LLC now owns 10,875 shares of the business services provider’s stock valued at $2,318,000 after buying an additional 1,521 shares during the period. Blair William & Co. IL increased its position in shares of Waste Management by 3.4% in the first quarter. Blair William & Co. IL now owns 58,733 shares of the business services provider’s stock worth $12,519,000 after purchasing an additional 1,920 shares during the last quarter. Twin Tree Management LP bought a new stake in Waste Management during the first quarter valued at approximately $2,963,000. Nwam LLC grew its stake in Waste Management by 11.5% in the 1st quarter. Nwam LLC now owns 3,413 shares of the business services provider’s stock worth $720,000 after buying an additional 352 shares in the last quarter. Finally, Banco Santander S.A. lifted its holdings in shares of Waste Management by 1.7% during the 1st quarter. Banco Santander S.A. now owns 69,328 shares of the business services provider’s stock worth $14,777,000 after acquiring an additional 1,178 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WM shares. Argus raised their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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 report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.11.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

Waste Management Trading Down 1.8 %

NYSE WM opened at $221.72 on Friday. Waste Management, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock’s fifty day moving average price is $211.08 and its 200-day moving average price is $209.55. The stock has a market cap of $88.99 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.74.

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

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.35%. 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.