Toth Financial Advisory Corp Purchases 1,758 Shares of Waste Management, Inc. (NYSE:WM)

Toth Financial Advisory Corp boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,183 shares of the business services provider’s stock after acquiring an additional 1,758 shares during the period. Toth Financial Advisory Corp’s holdings in Waste Management were worth $3,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB grew its holdings in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Waste Management by 0.8% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after acquiring an additional 2,127 shares during the last quarter. Trium Capital LLP grew its position in Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after acquiring an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after acquiring an additional 5,367 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after acquiring an additional 28,266 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WM. UBS Group increased their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $229.72.

Waste Management Trading Down 0.3 %

WM opened at $209.43 on Friday. The stock has a market capitalization of $84.06 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a 12 month low of $183.00 and a 12 month high of $230.39. The firm’s fifty day simple moving average is $212.64 and its 200 day simple moving average is $211.27. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last released 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 firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal 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 given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.