Oddo BHF Asset Management Sas Purchases Shares of 9,045 Waste Management, Inc. (NYSE:WM)

Oddo BHF Asset Management Sas bought a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 9,045 shares of the business services provider’s stock, valued at approximately $1,878,000.

A number of other institutional investors have also made changes to their positions in WM. Franklin Resources Inc. increased its position in Waste Management by 11.2% in the third quarter. Franklin Resources Inc. now owns 404,121 shares of the business services provider’s stock worth $86,279,000 after buying an additional 40,609 shares during the period. Asset Advisors Investment Management LLC raised its position in Waste Management by 3.6% in the third quarter. Asset Advisors Investment Management LLC now owns 32,716 shares of the business services provider’s stock worth $6,792,000 after acquiring an additional 1,132 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Waste Management by 491.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 11,435 shares of the business services provider’s stock worth $2,374,000 after buying an additional 9,502 shares in the last quarter. Arvest Bank Trust Division acquired a new position in shares of Waste Management in the 3rd quarter worth $562,000. Finally, World Investment Advisors LLC lifted its stake in Waste Management by 245.6% during the third quarter. World Investment Advisors LLC now owns 9,413 shares of the business services provider’s stock valued at $1,954,000 after buying an additional 6,689 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WM. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th. CIBC increased their price objective 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, Scotiabank assumed coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Ten research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Trading Down 0.6 %

NYSE WM opened at $213.24 on Friday. The firm has a market capitalization of $85.59 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.26 and a beta of 0.75. The business’s 50-day moving average price is $217.66 and its two-hundred day moving average price is $211.40. 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 $173.01 and a 12 month high of $230.39.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s payout ratio is presently 45.87%.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.