Koa Wealth Management LLC Buys 2,871 Shares of Waste Management, Inc. (NYSE:WM)

Koa Wealth Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 294.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,846 shares of the business services provider’s stock after acquiring an additional 2,871 shares during the period. Koa Wealth Management LLC’s holdings in Waste Management were worth $798,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WM. International Assets Investment Management LLC boosted its stake in Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Capital World Investors raised its holdings in shares of Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after buying an additional 1,303,466 shares during the period. Swedbank AB purchased a new position in Waste Management during the 1st quarter valued at $193,955,000. Wulff Hansen & CO. lifted its holdings in Waste Management by 20,402.6% during the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock valued at $185,196,000 after buying an additional 863,846 shares in the last quarter. Finally, AMF Tjanstepension AB raised its position in Waste Management by 85.6% during the 2nd quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after purchasing an additional 720,358 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WM. Oppenheimer lifted their price objective on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, UBS Group increased their target price on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Eleven 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Waste Management Price Performance

Shares of NYSE:WM opened at $217.89 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.84. The company’s 50 day moving average is $211.61 and its 200 day moving average is $209.67. The company has a market cap of $87.45 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74.

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 the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter last year, the company posted $1.63 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

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.