369 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 369 shares of the business services provider’s stock, valued at approximately $79,000.

A number of other institutional investors also recently modified their holdings of WM. Hexagon Capital Partners LLC boosted its position in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management in the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Waste Management during the 1st quarter valued at about $35,000. Fairway Wealth LLC grew its stake in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Finally, DSM Capital Partners LLC acquired a new position in Waste Management in the fourth quarter valued at approximately $38,000. 80.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets dropped their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada cut their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Finally, CIBC decreased their price objective on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $215.83.

Waste Management Trading Down 0.3 %

NYSE:WM opened at $204.10 on Monday. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $225.00. The firm has a 50-day moving average price of $208.53 and a two-hundred day moving average price of $208.70. The firm has a market cap of $81.86 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.51 earnings per share. On average, equities analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.47%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

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.