Waste Management, Inc. (NYSE:WM) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 58.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,844 shares of the business services provider’s stock after purchasing an additional 680 shares during the period. Simon Quick Advisors LLC’s holdings in Waste Management were worth $372,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates increased its position in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in shares of Waste Management in the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management during the 4th quarter worth $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Waste Management in the second quarter valued at $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. CIBC upped their price objective on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Finally, Truist Financial boosted 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. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.72.

Waste Management Trading Down 0.7 %

Shares of Waste Management stock opened at $209.96 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a market cap of $84.27 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77. Waste Management, Inc. has a 52-week low of $183.00 and a 52-week high of $230.39. The company’s 50-day simple moving average is $213.04 and its 200-day simple moving average is $211.29.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the business posted $1.63 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s dividend payout ratio is presently 45.87%.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.