Waste Management, Inc. (NYSE:WM) Shares Purchased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,000 shares of the business services provider’s stock after purchasing an additional 131 shares during the period. Capital Advisors Ltd. LLC’s holdings in Waste Management were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WM. DAVENPORT & Co LLC lifted its holdings in shares of Waste Management by 10.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 28,675 shares of the business services provider’s stock valued at $4,371,000 after purchasing an additional 2,672 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Waste Management by 57.5% in the 3rd quarter. Avior Wealth Management LLC now owns 1,380 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 504 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Waste Management by 4.8% in the 3rd quarter. Private Trust Co. NA now owns 7,880 shares of the business services provider’s stock valued at $1,201,000 after purchasing an additional 361 shares during the last quarter. Galvin Gaustad & Stein LLC lifted its holdings in shares of Waste Management by 0.4% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 128,885 shares of the business services provider’s stock valued at $19,647,000 after purchasing an additional 501 shares during the last quarter. Finally, Oak Thistle LLC raised its stake in Waste Management by 170.7% during the 3rd quarter. Oak Thistle LLC now owns 4,535 shares of the business services provider’s stock valued at $691,000 after acquiring an additional 2,860 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the stock from $190.00 to $205.00 in a research note on Wednesday, February 14th. HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research note on Thursday, February 15th. BMO Capital Markets increased their target price on Waste Management from $184.00 to $196.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Citigroup increased their target price on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Truist Financial increased their target price on Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

Insider Buying and Selling at Waste Management

In other news, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the transaction, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Waste Management news, VP Donald J. Smith sold 329 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares in the company, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock worth $3,696,520 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.4 %

NYSE:WM traded up $0.85 during mid-day trading on Thursday, reaching $211.28. The stock had a trading volume of 907,468 shares, compared to its average volume of 1,655,778. The company has a market capitalization of $84.79 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 3.17 and a beta of 0.72. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The stock’s 50 day simple moving average is $208.10 and its two-hundred day simple moving average is $186.32. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.75 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s payout ratio is presently 53.00%.

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.