4,124 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Robbins Farley

Robbins Farley bought a new position in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,124 shares of the business services provider’s stock, valued at approximately $832,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rockline Wealth Management LLC increased its stake in Waste Management by 4.4% in the 4th quarter. Rockline Wealth Management LLC now owns 23,692 shares of the business services provider’s stock worth $4,781,000 after buying an additional 1,000 shares during the period. Tempus Wealth Planning LLC grew its stake in Waste Management by 13.3% in the 4th quarter. Tempus Wealth Planning LLC now owns 6,693 shares of the business services provider’s stock worth $1,351,000 after acquiring an additional 785 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Waste Management by 70.7% during the fourth quarter. Calamos Advisors LLC now owns 275,749 shares of the business services provider’s stock worth $55,643,000 after acquiring an additional 114,236 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in shares of Waste Management by 25.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,293 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 262 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in Waste Management by 5.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,373 shares of the business services provider’s stock worth $277,000 after purchasing an additional 74 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday. CIBC raised their target price on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. UBS Group increased their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Activity

In related news, CAO John A. Carroll sold 209 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the sale, the executive vice president now owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,653 shares of company stock valued at $364,287. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of WM stock opened at $223.89 on Tuesday. The firm has a market capitalization of $89.86 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.57 and a beta of 0.78. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s 50-day simple moving average is $212.19 and its 200-day simple moving average is $211.24. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, equities analysts forecast that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid 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 1.34%. Waste Management’s payout ratio is presently 44.12%.

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.