Waste Management, Inc. (NYSE:WM) Position Cut by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,536 shares of the business services provider’s stock after selling 145 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Waste Management were worth $1,171,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. abrdn plc grew its holdings in shares of Waste Management by 315.7% in the 3rd quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock worth $222,165,000 after acquiring an additional 1,106,773 shares during the last quarter. Mirova US LLC boosted its position in Waste Management by 26,116.4% during the fourth quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock valued at $163,680,000 after purchasing an additional 910,418 shares during the last quarter. Nordea Investment Management AB increased its position in Waste Management by 16.9% in the 3rd quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after purchasing an additional 776,491 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Waste Management by 128.2% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock valued at $137,012,000 after buying an additional 504,924 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Waste Management by 13,927.7% in the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after buying an additional 500,701 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on WM. Royal Bank of Canada upped their target price on Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Oppenheimer raised their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. CIBC upped their price target on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley raised their target price on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.24.

Waste Management Stock Up 0.4 %

NYSE WM opened at $208.76 on Monday. The business has a fifty day moving average price of $208.92 and a two-hundred day moving average price of $189.05. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market capitalization of $83.73 billion, a PE ratio of 34.02, a PEG ratio of 2.71 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. Equities analysts expect that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. Waste Management’s dividend payout ratio is presently 49.10%.

Insider Activity at Waste Management

In related news, EVP John J. Morris sold 8,889 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares in the company, valued at $19,804,339.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Waste Management news, EVP John J. Morris sold 8,889 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares in the company, valued at approximately $19,804,339.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Donald J. Smith sold 329 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the sale, the vice president now owns 5,522 shares of the company’s stock, valued at $1,096,448.32. The disclosure for this sale can be found here. Insiders sold 18,007 shares of company stock worth $3,696,520 over the last three months. Company 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.