Kirtland Hills Capital Management LLC Purchases 50 Shares of Waste Management, Inc. (NYSE:WM)

Kirtland Hills Capital Management LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,142 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Waste Management were worth $1,441,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Aberdeen Wealth Management LLC boosted its stake in shares of Waste Management by 1.1% during the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after buying an additional 46 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after buying an additional 48 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares during the last quarter. Finally, Balboa Wealth Partners boosted its stake in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after buying an additional 49 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Raymond James lifted their price target on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets lifted their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.94.

Waste Management Stock Up 0.4 %

NYSE WM opened at $230.59 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $232.44. The company has a 50 day moving average of $214.22 and a 200-day moving average of $213.47. The company has a market cap of $92.72 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. Waste Management’s payout ratio is presently 44.12%.

Insider Activity

In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now directly owns 211,061 shares in the company, valued at $48,212,664.23. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,192 shares of company stock worth $15,025,861. Corporate insiders own 0.18% of the company’s stock.

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.