Wealth Enhancement Advisory Services LLC Has $149.79 Million Stock Position in Waste Management, Inc. $WM

Wealth Enhancement Advisory Services LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 36.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 688,503 shares of the business services provider’s stock after acquiring an additional 183,548 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.17% of Waste Management worth $149,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the last quarter. Sprott Inc. bought a new stake in shares of Waste Management during the 1st quarter valued at $325,000. Pallas Capital Advisors LLC bought a new position in shares of Waste Management in the 2nd quarter worth $217,000. Moody National Bank Trust Division grew its stake in shares of Waste Management by 7.3% during the second quarter. Moody National Bank Trust Division now owns 2,691 shares of the business services provider’s stock worth $616,000 after purchasing an additional 183 shares during the period. Finally, Diversified Trust Co increased its holdings in Waste Management by 3.5% in the second quarter. Diversified Trust Co now owns 5,783 shares of the business services provider’s stock valued at $1,323,000 after purchasing an additional 198 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the subject of several analyst reports. Truist Financial set a $260.00 target price on Waste Management in a research report on Wednesday, October 29th. The Goldman Sachs Group initiated coverage on Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 price objective on the stock. Baird R W raised Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada dropped their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Finally, Citigroup decreased their price objective on Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.45.

Insider Buying and Selling

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.6%

NYSE:WM opened at $221.21 on Monday. The stock has a 50-day simple moving average of $215.74 and a 200 day simple moving average of $219.16. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The company has a market cap of $89.12 billion, a PE ratio of 34.84, a PEG ratio of 2.48 and a beta of 0.59. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84.

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 analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period last year, the company earned $1.96 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s payout ratio is presently 51.97%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.