Waste Management, Inc. (NYSE:WM) Shares Acquired by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC raised its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 10.8% during the fourth quarter, HoldingsChannel reports. The fund owned 43,433 shares of the business services provider’s stock after acquiring an additional 4,234 shares during the quarter. Waste Management comprises approximately 2.9% of Buck Wealth Strategies LLC’s holdings, making the stock its 10th largest position. Buck Wealth Strategies LLC’s holdings in Waste Management were worth $7,779,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WM. State Street Corp lifted its holdings in Waste Management by 0.7% in the second quarter. State Street Corp now owns 18,113,191 shares of the business services provider’s stock worth $3,141,190,000 after acquiring an additional 121,055 shares during the last quarter. Morgan Stanley boosted its position in Waste Management by 30.4% during the 4th quarter. Morgan Stanley now owns 7,370,481 shares of the business services provider’s stock valued at $1,156,281,000 after purchasing an additional 1,718,449 shares during the period. Nordea Investment Management AB increased its position in Waste Management by 16.9% in the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after buying an additional 776,491 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 1.3% during the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock valued at $794,174,000 after acquiring an additional 66,816 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Waste Management by 3.2% during the fourth quarter. Lazard Asset Management LLC now owns 5,112,019 shares of the business services provider’s stock worth $801,972,000 after acquiring an additional 160,466 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of WM traded down $1.81 during mid-day trading on Tuesday, hitting $211.10. The company’s stock had a trading volume of 1,543,755 shares, compared to its average volume of 1,661,295. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market capitalization of $84.78 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 3.24 and a beta of 0.72. The firm has a 50-day moving average price of $201.78 and a 200 day moving average price of $180.40. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.21. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same quarter in the prior year, the company earned $1.30 earnings per share. On average, research analysts predict that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.75 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is 53.00%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WM. Erste Group Bank raised shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Jefferies Financial Group increased their price objective on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup lifted their target price on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada increased their price target on Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Truist Financial lifted their price objective on shares of Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.57.

Check Out Our Latest Stock Analysis on WM

Insiders Place Their Bets

In other Waste Management news, CEO James C. Fish, Jr. sold 9,550 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $182.00, for a total value of $1,738,100.00. Following the completion of the transaction, the chief executive officer now directly owns 152,838 shares in the company, valued at $27,816,516. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO James C. Fish, Jr. sold 9,550 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $182.00, for a total value of $1,738,100.00. Following the completion of the sale, the chief executive officer now owns 152,838 shares in the company, valued at $27,816,516. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Pope sold 185 shares of Waste Management stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total value of $33,485.00. Following the transaction, the director now owns 56,461 shares in the company, valued at approximately $10,219,441. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,242 shares of company stock worth $5,929,355. Company insiders own 0.27% of the company’s stock.

Waste Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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