MassMutual Private Wealth & Trust FSB Sells 2,372 Shares of Waste Management, Inc. (NYSE:WM)

MassMutual Private Wealth & Trust FSB reduced its position in Waste Management, Inc. (NYSE:WM) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,409 shares of the business services provider’s stock after selling 2,372 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Waste Management were worth $10,979,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WM. Activest Wealth Management lifted its holdings 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 valued at $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates lifted its stake in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. purchased a new stake in shares of Waste Management during the 4th quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management during the second quarter valued at approximately $36,000. Finally, Fairscale Capital LLC bought a new position in Waste Management during the second quarter valued at approximately $39,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 0.4 %

NYSE WM opened at $211.79 on Monday. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39. The company has a 50 day moving average price of $213.80 and a 200 day moving average price of $211.25. 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 $85.01 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research reports. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Argus increased their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $230.72.

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.