Waste Management, Inc. (NYSE:WM) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,369 shares of the business services provider’s stock after selling 300 shares during the quarter. AM Investment Strategies LLC’s holdings in Waste Management were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC purchased a new position in Waste Management in the 4th quarter valued at approximately $850,000. Exchange Traded Concepts LLC increased its stake in Waste Management by 89.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,489 shares of the business services provider’s stock valued at $1,915,000 after purchasing an additional 4,486 shares in the last quarter. MFA Wealth Services purchased a new position in Waste Management in the 4th quarter valued at approximately $265,000. Cornerstone Wealth Management LLC increased its stake in Waste Management by 3.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,558 shares of the business services provider’s stock valued at $718,000 after purchasing an additional 114 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WM. JPMorgan Chase & Co. raised 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. UBS Group raised their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial raised 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. BMO Capital Markets raised their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $229.72.

Waste Management Stock Down 0.3 %

NYSE:WM opened at $209.43 on Friday. The firm has a market capitalization of $84.06 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The stock has a 50 day moving average of $212.81 and a 200-day moving average of $211.28. Waste Management, Inc. has a 52 week low of $183.00 and a 52 week high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The company 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 revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. Analysts predict that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Waste Management’s dividend payout ratio is presently 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

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.