1,436 Shares in Waste Management, Inc. (NYSE:WM) Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,436 shares of the business services provider’s stock, valued at approximately $290,000.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Waste Management by 24.2% in the second quarter. American Century Companies Inc. now owns 67,624 shares of the business services provider’s stock worth $14,427,000 after purchasing an additional 13,193 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Waste Management by 39.5% in the 2nd quarter. AE Wealth Management LLC now owns 37,151 shares of the business services provider’s stock worth $7,926,000 after buying an additional 10,529 shares during the period. Sei Investments Co. lifted its holdings in Waste Management by 20.1% in the 2nd quarter. Sei Investments Co. now owns 225,389 shares of the business services provider’s stock worth $48,085,000 after buying an additional 37,754 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Waste Management by 6.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 49,025 shares of the business services provider’s stock worth $10,459,000 after buying an additional 2,760 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in shares of Waste Management by 11.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 6,229 shares of the business services provider’s stock worth $1,329,000 after purchasing an additional 630 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Argus raised their price objective on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Trading Up 0.4 %

NYSE WM opened at $211.79 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $85.01 billion, a PE ratio of 32.38, a PEG ratio of 2.10 and a beta of 0.77. The company’s 50-day moving average price is $213.80 and its 200-day moving average price is $211.25. Waste Management, Inc. has a 12 month low of $181.56 and a 12 month high of $230.39.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management 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.