Mayflower Financial Advisors LLC Purchases 126 Shares of Waste Management, Inc. (NYSE:WM)

Mayflower Financial Advisors LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,115 shares of the business services provider’s stock after acquiring an additional 126 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Waste Management were worth $1,032,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aberdeen Wealth Management LLC raised its holdings in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after buying an additional 45 shares during the period. Signature Estate & Investment Advisors LLC grew its position in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 46 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after purchasing an additional 49 shares in the last quarter. Balboa Wealth Partners boosted its stake in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the period. Finally, Werlinich Asset Management LLC grew its holdings in shares of Waste Management by 1.2% in the third quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 50 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. CIBC upped their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Jefferies Financial Group lowered their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, twelve have given 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 $231.39.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.0 %

Shares of Waste Management stock opened at $213.62 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market capitalization of $85.74 billion, a P/E ratio of 32.66, a PEG ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a 1 year low of $184.72 and a 1 year high of $230.39. The company’s fifty day moving average is $212.54 and its two-hundred day moving average is $211.30.

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, 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 for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 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.