MONECO Advisors LLC Purchases 54 Shares of Waste Management, Inc. (NYSE:WM)

MONECO Advisors LLC lifted its position in Waste Management, Inc. (NYSE:WM) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,812 shares of the business services provider’s stock after purchasing an additional 54 shares during the period. MONECO Advisors LLC’s holdings in Waste Management were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its stake in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of Waste Management by 892.9% during the fourth 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 in the last quarter. General Partner Inc. bought a new stake in Waste Management during the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC purchased a new position in Waste Management in the 4th quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. boosted its stake in Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Shares of Waste Management stock opened at $227.89 on Monday. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $230.39. The company has a market capitalization of $91.63 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The stock’s fifty day moving average is $213.43 and its two-hundred day moving average is $213.12. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WM. 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 research report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Nine equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.94.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares in the company, valued at $10,046,109.78. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares in the company, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,055 shares of company stock worth $3,578,340. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

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.