Private Advisor Group LLC Grows Stock Position in Waste Management, Inc. (NYSE:WM)

Private Advisor Group LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,221 shares of the business services provider’s stock after purchasing an additional 2,509 shares during the period. Private Advisor Group LLC’s holdings in Waste Management were worth $11,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its stake in shares of Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after purchasing an additional 2,272 shares during the period. Birch Hill Investment Advisors LLC raised its position in shares of Waste Management by 5.5% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 332 shares during the period. Ingalls & Snyder LLC boosted its stake in shares of Waste Management by 1.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock worth $3,455,000 after acquiring an additional 231 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Waste Management by 93.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after acquiring an additional 22,455 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after purchasing an additional 500,701 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.1 %

WM stock traded down $0.16 on Tuesday, hitting $210.40. 497,573 shares of the company were exchanged, compared to its average volume of 1,668,436. The business’s fifty day moving average is $208.99 and its two-hundred day moving average is $189.42. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market capitalization of $84.39 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. As a group, research analysts forecast that Waste Management, Inc. will post 7.26 earnings per share for the current year.

Waste Management Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and upped their target price for the stock from $190.00 to $205.00 in a research note on Wednesday, February 14th. HSBC lowered shares of 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. Truist Financial raised their target price on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Jefferies Financial Group increased their target price on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.24.

Insider Transactions at Waste Management

In other news, 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 of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Waste Management news, SVP Tara J. Hemmer sold 1,782 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total value of $363,937.86. Following the sale, the senior vice president now directly owns 55,591 shares in the company, valued at $11,353,349.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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. In the last three months, insiders have sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is currently owned by insiders.

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.