Waste Management, Inc. (NYSE:WM) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,815 shares of the business services provider’s stock after purchasing an additional 100 shares during the quarter. Rothschild Investment LLC’s holdings in Waste Management were worth $2,182,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WM. Swedbank AB grew its position in Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Waste Management by 18.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,971 shares of the business services provider’s stock worth $10,270,000 after acquiring an additional 7,776 shares during the period. Carret Asset Management LLC boosted its holdings in shares of Waste Management by 3.2% in the third quarter. Carret Asset Management LLC now owns 1,607 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 50 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after purchasing an additional 5,367 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in Waste Management in the third quarter valued at about $204,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $229.70 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The stock has a market cap of $92.36 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.63. The business has a fifty day moving average of $213.79 and a 200-day moving average of $213.29.

Waste Management (NYSE:WM) last released its 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 37.93%. As a group, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.825 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s payout ratio is presently 44.12%.

Wall Street Analyst Weigh In

WM has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Citigroup upped their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Scotiabank raised their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Truist Financial upped their price target 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. Finally, Stifel Nicolaus raised their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Insider Buying and Selling at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares in the company, valued at approximately $48,212,664.23. The trade was a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,460 shares of company stock worth $13,721,774. 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.