4,381 Shares in Waste Management, Inc. $WM Acquired by Live Oak Investment Partners

Live Oak Investment Partners acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,381 shares of the business services provider’s stock, valued at approximately $967,000.

A number of other large investors have also modified their holdings of WM. Cornercap Investment Counsel Inc. acquired a new stake in shares of Waste Management during the third quarter worth about $1,583,000. Wealthfront Advisers LLC boosted its holdings in shares of Waste Management by 3.1% in the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after acquiring an additional 1,698 shares during the period. GPM Growth Investors Inc. increased its holdings in shares of Waste Management by 50.6% in the 2nd 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 during the period. Truist Financial Corp boosted its stake in Waste Management by 62.9% during the 2nd quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock worth $61,331,000 after purchasing an additional 103,487 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in Waste Management by 8.1% in the third quarter. Apollon Wealth Management LLC now owns 95,804 shares of the business services provider’s stock valued at $21,156,000 after purchasing an additional 7,143 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated 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 directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. DZ Bank initiated coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price objective for the company. Barclays dropped their price objective on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Scotiabank lowered their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 29th. Finally, UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $250.77.

Waste Management Price Performance

Shares of NYSE WM opened at $219.74 on Friday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The stock has a market cap of $88.53 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 2.45 and a beta of 0.59. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The company’s 50-day moving average price is $215.35 and its 200 day moving average price is $219.31.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is currently 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.