Waste Management, Inc. (NYSE:WM) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,034 shares of the business services provider’s stock after purchasing an additional 1,462 shares during the period. Coldstream Capital Management Inc.’s holdings in Waste Management were worth $3,135,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after purchasing an additional 168,818 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Waste Management by 8.2% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,751 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 133 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in Waste Management by 9.8% during the 3rd quarter. Resources Management Corp CT ADV now owns 14,644 shares of the business services provider’s stock valued at $3,040,000 after acquiring an additional 1,301 shares during the last quarter. Guardian Wealth Management Inc. boosted its stake in Waste Management by 0.8% during the 3rd quarter. Guardian Wealth Management Inc. now owns 14,668 shares of the business services provider’s stock valued at $3,045,000 after acquiring an additional 120 shares during the last quarter. Finally, Barclays PLC boosted its stake in Waste Management by 12.8% during the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after acquiring an additional 276,287 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada raised their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $229.33.

Waste Management Stock Down 0.7 %

Waste Management stock opened at $216.00 on Wednesday. The stock 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. 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 company’s 50-day moving average price is $217.14 and its two-hundred day moving average price is $211.27. Waste Management, Inc. has a 52 week low of $172.30 and a 52 week high of $230.39.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. On average, analysts expect that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

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.