Sanibel Captiva Trust Company Inc. Has $1.08 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Sanibel Captiva Trust Company Inc. raised its position in Waste Management, Inc. (NYSE:WM) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,341 shares of the business services provider’s stock after acquiring an additional 1,237 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Waste Management were worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its stake in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its holdings in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $39,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM opened at $211.79 on Friday. The company has a fifty day moving average price of $213.80 and a two-hundred day moving average price of $211.24. 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 firm has a market capitalization of $85.01 billion, a PE ratio of 32.38, a P/E/G ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is presently 45.87%.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. CIBC boosted their price target 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. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $834,946.25. This trade represents 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. 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.