Sanctuary Advisors LLC Boosts Stock Holdings in Waste Management, Inc. (NYSE:WM)

Sanctuary Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,439 shares of the business services provider’s stock after purchasing an additional 4,155 shares during the period. Sanctuary Advisors LLC’s holdings in Waste Management were worth $17,827,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of Waste Management during the second quarter valued at about $148,000. Triad Wealth Partners LLC acquired a new stake in Waste Management in the second quarter valued at approximately $74,000. Blue Trust Inc. grew its holdings in Waste Management by 19.3% in the second quarter. Blue Trust Inc. now owns 3,536 shares of the business services provider’s stock worth $754,000 after purchasing an additional 572 shares during the last quarter. Stanley Laman Group Ltd. lifted its holdings in shares of Waste Management by 4.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 23,927 shares of the business services provider’s stock valued at $5,105,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in shares of Waste Management by 18.0% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 35,362 shares of the business services provider’s stock worth $6,899,000 after purchasing an additional 5,403 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research analyst reports. William Blair started coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Oppenheimer lifted their target price on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price objective 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. CIBC upped their target price on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lifted their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Stock Performance

NYSE WM opened at $214.47 on Friday. The stock has a market capitalization of $86.08 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.26 and a beta of 0.75. The stock has a 50-day moving average of $217.55 and a 200 day moving average of $211.37. 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 twelve month low of $173.01 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion for 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%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.