Grandview Asset Management LLC Acquires 1,139 Shares of Waste Management, Inc. (NYSE:WM)

Grandview Asset Management LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 8.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,332 shares of the business services provider’s stock after acquiring an additional 1,139 shares during the period. Waste Management makes up 1.1% of Grandview Asset Management LLC’s holdings, making the stock its 21st biggest holding. Grandview Asset Management LLC’s holdings in Waste Management were worth $2,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in shares of Waste Management by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 67,624 shares of the business services provider’s stock valued at $14,427,000 after buying an additional 13,193 shares during the period. Federated Hermes Inc. grew its stake in Waste Management by 0.9% in the second quarter. Federated Hermes Inc. now owns 47,596 shares of the business services provider’s stock valued at $10,154,000 after acquiring an additional 431 shares during the period. Wealthspire Advisors LLC raised its position in shares of Waste Management by 11.3% during the second quarter. Wealthspire Advisors LLC now owns 6,174 shares of the business services provider’s stock worth $1,317,000 after purchasing an additional 628 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Waste Management by 4.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,266 shares of the business services provider’s stock valued at $1,763,000 after purchasing an additional 358 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of Waste Management by 48.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,931 shares of the business services provider’s stock valued at $1,479,000 after purchasing an additional 2,255 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management 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 value of $66,795.70. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Shares of WM opened at $207.12 on Tuesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a 50-day moving average of $214.62 and a 200-day moving average of $211.29. The company has a market cap of $83.13 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a one year low of $180.17 and a one 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 for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.51 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. UBS Group upped their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. Finally, William Blair began coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.