First Financial Corp IN grew its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,580 shares of the business services provider’s stock after acquiring an additional 389 shares during the quarter. First Financial Corp IN’s holdings in Waste Management were worth $319,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of WM. Activest Wealth Management raised its stake in 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 purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates increased its holdings in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC lifted its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new position in Waste Management in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Insiders Place Their Bets
In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.
Waste Management Price Performance
Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.
Waste Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.45%. Waste Management’s dividend payout ratio is currently 45.87%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley increased their price objective on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Ten 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 company’s stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.
View Our Latest Research Report on WM
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.
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