Advisory Alpha LLC Purchases 379 Shares of Waste Management, Inc. (NYSE:WM)

Advisory Alpha LLC grew its position in Waste Management, Inc. (NYSE:WM) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,580 shares of the business services provider’s stock after purchasing an additional 379 shares during the quarter. Advisory Alpha LLC’s holdings in Waste Management were worth $1,126,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WM. Thrivent Financial for Lutherans boosted its stake in Waste Management by 6.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 49,025 shares of the business services provider’s stock worth $10,459,000 after purchasing an additional 2,760 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Waste Management by 40.0% in the second quarter. 1832 Asset Management L.P. now owns 29,584 shares of the business services provider’s stock worth $6,311,000 after buying an additional 8,448 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Waste Management by 167.1% during the second quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock valued at $1,970,000 after buying an additional 5,777 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Waste Management by 7.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,366 shares of the business services provider’s stock valued at $718,000 after acquiring an additional 235 shares during the period. Finally, Insigneo Advisory Services LLC raised its stake in Waste Management by 13.2% in the 2nd quarter. Insigneo Advisory Services LLC now owns 3,361 shares of the business services provider’s stock worth $677,000 after acquiring an additional 391 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Down 0.6 %

WM stock opened at $211.57 on Thursday. Waste Management, Inc. has a 12-month low of $183.00 and a 12-month high of $230.39. The business’s 50-day moving average is $213.33 and its 200 day moving average is $211.29. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $84.92 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.18 and a beta of 0.77.

Waste Management (NYSE:WM) last issued its quarterly 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 firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was 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 in the company, valued at $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 is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research reports. Truist Financial increased their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. 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 note on Wednesday, October 30th. UBS Group upped their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, William Blair began coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.