Constitution Capital LLC Makes New $1.40 Million Investment in Waste Management, Inc. (NYSE:WM)

Constitution Capital LLC bought a new position in Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,935 shares of the business services provider’s stock, valued at approximately $1,399,000. Waste Management comprises 0.8% of Constitution Capital LLC’s portfolio, making the stock its 25th biggest position.

A number of other large investors have also recently made changes to their positions in the company. Activest Wealth Management grew its position in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new position in Waste Management in the 4th quarter worth about $29,000. Fairscale Capital LLC bought a new stake in Waste Management during the 2nd quarter valued at about $39,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the 2nd quarter valued at about $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on WM shares. Stifel Nicolaus boosted their price target on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. UBS Group upped their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. CIBC lifted their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a 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 report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Stock Performance

WM opened at $211.02 on Friday. Waste Management, Inc. has a 52-week low of $180.25 and a 52-week high of $230.39. 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’s fifty day simple moving average is $214.24 and its two-hundred day simple moving average is $211.23. The company has a market cap of $84.70 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The business 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%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Equities analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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.