Strategic Wealth Partners Ltd. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,508 shares of the business services provider’s stock after buying an additional 653 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Waste Management were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. acquired a new position in shares of Waste Management in the second quarter valued at approximately $265,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Waste Management by 5,802.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,302 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 2,263 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Waste Management by 13.6% in the second quarter. Victory Capital Management Inc. now owns 65,867 shares of the business services provider’s stock valued at $5,358,000 after buying an additional 7,880 shares in the last quarter. KBC Group NV boosted its stake in shares of Waste Management by 60.1% in the second quarter. KBC Group NV now owns 126,264 shares of the business services provider’s stock valued at $10,270,000 after buying an additional 47,400 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of Waste Management by 3.2% in the second quarter. State of Wisconsin Investment Board now owns 411,414 shares of the business services provider’s stock valued at $33,464,000 after buying an additional 12,875 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors.

WM traded down $0.06 during trading on Friday, reaching $92.80. 27,048 shares of the stock were exchanged, compared to its average volume of 1,837,295. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87. The company has a market cap of $39.49 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.82 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $78.39 and a 1 year high of $95.49.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. On average, analysts predict that Waste Management, Inc. will post 4.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.465 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.86 annualized dividend and a dividend yield of 2.00%. Waste Management’s dividend payout ratio is currently 57.76%.

In other news, CFO Devina A. Rankin sold 8,107 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $94.41, for a total value of $765,381.87. Following the sale, the chief financial officer now directly owns 21,373 shares in the company, valued at $2,017,824.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeff M. Harris sold 24,500 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total value of $2,205,000.00. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Goldman Sachs Group upgraded Waste Management from a “sell” rating to a “buy” rating and lifted their price target for the company from $84.00 to $107.00 in a research note on Tuesday. ValuEngine upgraded Waste Management from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, BMO Capital Markets lifted their price target on Waste Management to $98.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $98.14.

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Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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