Waste Management, Inc. (NYSE:WM) Shares Purchased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 41.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,361 shares of the business services provider’s stock after buying an additional 1,559 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Waste Management were worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WM. Public Sector Pension Investment Board grew its position in Waste Management by 167.1% in the second quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock worth $1,970,000 after buying an additional 5,777 shares during the last quarter. Buck Wealth Strategies LLC grew its position in Waste Management by 7.8% during the 2nd quarter. Buck Wealth Strategies LLC now owns 46,890 shares of the business services provider’s stock worth $10,003,000 after purchasing an additional 3,382 shares in the last quarter. Magnolia Capital Advisors LLC grew its position in Waste Management by 145.7% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 3,283 shares of the business services provider’s stock worth $700,000 after purchasing an additional 1,947 shares in the last quarter. NewEdge Advisors LLC grew its position in Waste Management by 11.4% during the 2nd quarter. NewEdge Advisors LLC now owns 43,413 shares of the business services provider’s stock worth $9,262,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Waste Management by 106.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,794 shares of the business services provider’s stock worth $25,344,000 after purchasing an additional 61,142 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WM shares. Jefferies Financial Group lowered their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial lifted their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. William Blair started coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Finally, Royal Bank of Canada lifted their price objective on shares of 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, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.39.

Waste Management Stock Down 0.3 %

WM opened at $209.43 on Monday. Waste Management, Inc. has a twelve month low of $183.00 and a twelve month high of $230.39. The firm has a market cap of $84.06 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.17 and a beta of 0.77. The firm’s 50-day simple moving average is $212.64 and its 200-day simple moving average is $211.28. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.