Victory Capital Management Inc. Has $37.20 Million Position in Waste Management, Inc. (NYSE:WM)

Victory Capital Management Inc. lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 179,191 shares of the business services provider’s stock after selling 3,549 shares during the period. Victory Capital Management Inc.’s holdings in Waste Management were worth $37,200,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Argus lifted their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. William Blair started coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Insiders Place Their Bets

In other Waste Management 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 owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale 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.

Waste Management Price Performance

Shares of NYSE:WM opened at $217.90 on Friday. The company has a 50 day moving average of $211.61 and a 200 day moving average of $209.67. The stock has a market cap of $87.46 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.34 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during 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%. Waste Management’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend 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 presently 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.