Unigestion Holding SA Purchases 38,334 Shares of Waste Management, Inc. (NYSE:WM)

Unigestion Holding SA boosted its holdings in Waste Management, Inc. (NYSE:WM) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,293 shares of the business services provider’s stock after buying an additional 38,334 shares during the quarter. Waste Management makes up approximately 1.7% of Unigestion Holding SA’s investment portfolio, making the stock its 19th largest position. Unigestion Holding SA’s holdings in Waste Management were worth $36,154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Fairway Wealth LLC boosted its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter valued at approximately $36,000. Fairscale Capital LLC bought a new position in Waste Management during the 2nd quarter worth approximately $39,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in shares of Waste Management by 51.8% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock worth $44,000 after purchasing an additional 72 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

NYSE WM opened at $216.00 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a fifty day moving average price of $217.14 and a 200-day moving average price of $211.27. Waste Management, Inc. has a 1 year low of $172.30 and a 1 year high of $230.39. The firm has a market cap of $86.70 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.34 and a beta of 0.75.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm 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%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, equities research analysts predict that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following 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 SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price objective on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, CIBC lifted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Ten equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.33.

About Waste Management

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.