Cyndeo Wealth Partners LLC Buys 619 Shares of Waste Management, Inc. (NYSE:WM)

Cyndeo Wealth Partners LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 24.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,186 shares of the business services provider’s stock after acquiring an additional 619 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Waste Management were worth $643,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WM. Activest Wealth Management boosted 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 purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates raised its holdings in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management in the 4th quarter valued at about $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter valued at about $36,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of Waste Management stock opened at $209.43 on Friday. The stock has a market capitalization of $84.06 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a one year low of $183.00 and a one year high of $230.39. The business’s 50 day simple moving average is $212.64 and its two-hundred day simple moving average is $211.27. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $1.63 EPS. Analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management 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 directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. Royal Bank of Canada raised their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday. CIBC raised their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, UBS Group raised their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $229.72.

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.