Raab & Moskowitz Asset Management LLC Has $2.67 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Raab & Moskowitz Asset Management LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,884 shares of the business services provider’s stock after selling 135 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Waste Management were worth $2,666,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WM. abrdn plc lifted its stake 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 valued at $222,165,000 after purchasing an additional 1,106,773 shares during the period. Mirova US LLC raised its stake in Waste Management by 26,116.4% during the 4th quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock worth $163,680,000 after buying an additional 910,418 shares during the period. Nordea Investment Management AB raised its stake in Waste Management by 16.9% during 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 buying an additional 776,491 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Waste Management by 128.2% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock worth $137,012,000 after buying an additional 504,924 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Waste Management by 13,927.7% during the 4th 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 period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of several research analyst reports. Truist Financial raised their price objective on Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets increased their target price on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday. UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and increased their target price for the stock from $190.00 to $205.00 in a report on Wednesday, February 14th. Oppenheimer increased their target price on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Jefferies Financial Group increased their target price on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $214.21.

Waste Management Trading Down 1.2 %

Waste Management stock opened at $210.10 on Friday. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a market capitalization of $84.31 billion, a P/E ratio of 34.39, a PEG ratio of 3.19 and a beta of 0.72. The stock has a 50-day simple moving average of $208.54 and a 200 day simple moving average of $187.08.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. Analysts expect that Waste Management, Inc. will post 7.09 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Insiders Place Their Bets

In other news, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Christopher P. Desantis sold 346 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the sale, the senior vice president now owns 8,218 shares of the company’s stock, valued at $1,640,641.52. 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. 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.