Waste Management, Inc. (NYSE:WM) Position Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,467 shares of the business services provider’s stock after purchasing an additional 607 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Waste Management were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Moss Adams Wealth Advisors LLC boosted its stake in Waste Management by 7.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 83 shares during the period. IAM Advisory LLC boosted its position in shares of Waste Management by 0.9% during the fourth quarter. IAM Advisory LLC now owns 11,315 shares of the business services provider’s stock worth $2,283,000 after buying an additional 100 shares during the period. Astoria Portfolio Advisors LLC. grew its holdings in Waste Management by 49.2% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,725 shares of the business services provider’s stock worth $565,000 after buying an additional 898 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Waste Management by 48.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,977 shares of the business services provider’s stock valued at $2,215,000 after acquiring an additional 3,600 shares during the period. Finally, HB Wealth Management LLC raised its stake in Waste Management by 6.4% during the 4th quarter. HB Wealth Management LLC now owns 45,668 shares of the business services provider’s stock valued at $9,215,000 after acquiring an additional 2,752 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WM shares. Truist Financial raised 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. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. William Blair started coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Oppenheimer upped their target price on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Ten research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Price Performance

Shares of NYSE:WM opened at $211.79 on Friday. The company has a market cap of $85.01 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. The company’s fifty day moving average is $213.80 and its two-hundred day moving average is $211.24. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12-month low of $181.56 and a 12-month high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.63 EPS. Equities analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed 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 1.42%. Waste Management’s dividend 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.