Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Apella Capital LLC

Apella Capital LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 5.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,826 shares of the business services provider’s stock after purchasing an additional 136 shares during the quarter. Apella Capital LLC’s holdings in Waste Management were worth $570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% in the 4th 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 stake in shares of Waste Management during the 4th quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $36,000. Finally, Fairscale Capital LLC acquired a new position in Waste Management in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $208.16 on Thursday. The business’s 50 day moving average is $214.44 and its 200-day moving average is $211.25. 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 firm has a market capitalization of $83.55 billion, a PE ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a 1-year low of $180.17 and a 1-year high of $230.39.

Waste Management (NYSE:WM) last announced 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. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Sell-side analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the business’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 sale, the director now owns 3,875 shares of the company’s stock, valued at $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 available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WM shares. Morgan Stanley boosted their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, UBS Group boosted 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. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.72.

About Waste Management

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.