Bryn Mawr Capital Management LLC Invests $258,000 in Waste Management, Inc. (NYSE:WM)

Bryn Mawr Capital Management LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,440 shares of the business services provider’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC raised its position in Waste Management by 4.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 11,957 shares of the business services provider’s stock worth $2,141,000 after acquiring an additional 539 shares in the last quarter. Abbrea Capital LLC raised its position in Waste Management by 3.6% during the fourth quarter. Abbrea Capital LLC now owns 2,588 shares of the business services provider’s stock worth $464,000 after acquiring an additional 90 shares in the last quarter. Syon Capital LLC raised its position in Waste Management by 27.3% during the fourth quarter. Syon Capital LLC now owns 3,730 shares of the business services provider’s stock worth $668,000 after acquiring an additional 801 shares in the last quarter. Pittenger & Anderson Inc. raised its position in Waste Management by 0.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 138,862 shares of the business services provider’s stock worth $24,870,000 after acquiring an additional 780 shares in the last quarter. Finally, Disciplined Equity Management Inc. bought a new stake in Waste Management during the fourth quarter worth $161,000. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 1.2 %

Shares of Waste Management stock opened at $210.10 on Friday. The company has a market capitalization of $84.31 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.19 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54. The firm’s 50-day moving average price is $208.54 and its two-hundred day moving average price is $187.08.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. On average, analysts forecast that Waste Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio is 49.10%.

Insider Transactions at Waste Management

In other news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction dated 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 owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Tara J. Hemmer sold 1,782 shares of Waste Management stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the sale, the senior vice president now directly owns 55,591 shares in the company, valued at approximately $11,353,349.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the sale, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,007 shares of company stock valued at $3,696,520. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on WM. HSBC downgraded shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a report on Thursday, February 15th. Raymond James upped their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets upped their price objective on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday. Citigroup upped their price objective on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Truist Financial upped their price objective on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

About Waste Management

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.