Waste Management, Inc. (NYSE:WM) Shares Bought by FORA Capital LLC

FORA Capital LLC grew its position in Waste Management, Inc. (NYSE:WM) by 707.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,600 shares of the business services provider’s stock after acquiring an additional 25,058 shares during the quarter. FORA Capital LLC’s holdings in Waste Management were worth $5,937,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aberdeen Wealth Management LLC grew its stake in Waste Management by 1.1% during the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares in the last quarter. ARS Wealth Advisors Group LLC increased its holdings in shares of Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 47 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares in the last quarter. Finally, Balboa Wealth Partners boosted its stake in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after buying an additional 49 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group lifted their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus increased their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Waste Management Stock Up 0.9 %

Shares of NYSE WM traded up $2.15 during midday trading on Wednesday, hitting $229.60. The company’s stock had a trading volume of 146,963 shares, compared to its average volume of 1,608,606. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $230.39. The business’s fifty day simple moving average is $213.68 and its two-hundred day simple moving average is $210.32. The firm has a market capitalization of $92.15 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate 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 net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, equities analysts predict that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio is presently 45.87%.

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.