High Net Worth Advisory Group LLC Sells 200 Shares of Waste Management, Inc. (NYSE:WM)

High Net Worth Advisory Group LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WMFree Report) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 5,112 shares of the business services provider’s stock after selling 200 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Waste Management were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its holdings in Waste Management by 167.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock worth $1,970,000 after buying an additional 5,777 shares during the period. Buck Wealth Strategies LLC raised its holdings in shares of Waste Management by 7.8% during the second quarter. Buck Wealth Strategies LLC now owns 46,890 shares of the business services provider’s stock worth $10,003,000 after acquiring an additional 3,382 shares during the period. Magnolia Capital Advisors LLC lifted its position in Waste Management by 145.7% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 3,283 shares of the business services provider’s stock valued at $700,000 after acquiring an additional 1,947 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Waste Management by 11.4% in the 2nd quarter. NewEdge Advisors LLC now owns 43,413 shares of the business services provider’s stock worth $9,262,000 after purchasing an additional 4,435 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Waste Management by 106.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,794 shares of the business services provider’s stock worth $25,344,000 after purchasing an additional 61,142 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WM shares. JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price objective 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. CIBC increased their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, 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. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $229.72.

Read Our Latest Stock Analysis on WM

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $209.43 on Monday. Waste Management, Inc. has a 52-week low of $183.00 and a 52-week high of $230.39. The stock has a market cap of $84.06 billion, a PE ratio of 32.02, a P/E/G ratio of 2.17 and a beta of 0.77. The firm has a 50-day moving average of $212.64 and a 200-day moving average of $211.28. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WMGet Free Report) 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 for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Waste Management Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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