Brown Shipley& Co Ltd Has $3.40 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Brown Shipley& Co Ltd lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,363 shares of the business services provider’s stock after selling 1,002 shares during the period. Waste Management accounts for about 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management during the second quarter worth about $31,000. Fairway Wealth LLC increased its position in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Waste Management in the second quarter valued at approximately $39,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on WM shares. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.94.

Waste Management Trading Up 0.5 %

WM opened at $228.50 on Thursday. The stock has a market capitalization 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. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $230.39. The company has a 50-day simple moving average of $214.21 and a 200 day simple moving average of $210.45.

Waste Management (NYSE:WM) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the business posted $1.63 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.32 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 issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Waste Management 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.