Graphene Investments SAS Has $3.42 Million Stock Position in Waste Management, Inc. $WM

Graphene Investments SAS lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 20.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,500 shares of the business services provider’s stock after acquiring an additional 2,600 shares during the period. Waste Management makes up 2.2% of Graphene Investments SAS’s holdings, making the stock its 13th biggest holding. Graphene Investments SAS’s holdings in Waste Management were worth $3,423,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WM. Wealthfront Advisers LLC grew its position in Waste Management by 3.1% in the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after purchasing an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. grew its holdings in shares of Waste Management by 50.6% in the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after acquiring an additional 5,588 shares in the last quarter. Truist Financial Corp increased its position in shares of Waste Management by 62.9% during the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock valued at $61,331,000 after acquiring an additional 103,487 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Waste Management during the second quarter worth $4,361,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Waste Management in the second quarter worth $6,865,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WM shares. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Cowen reiterated a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. National Bankshares decreased their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, CIBC reduced their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.18.

Waste Management Trading Up 0.3%

Shares of WM stock opened at $219.00 on Wednesday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The business’s fifty day moving average is $211.30 and its 200 day moving average is $221.44. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $88.23 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s payout ratio is currently 51.97%.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

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.