Atwater Malick LLC Decreases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Atwater Malick LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,764 shares of the business services provider’s stock after selling 363 shares during the period. Waste Management comprises approximately 4.6% of Atwater Malick LLC’s holdings, making the stock its 8th largest position. Atwater Malick LLC’s holdings in Waste Management were worth $13,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. American Century Companies Inc. increased its stake in shares of Waste Management by 24.2% in the second quarter. American Century Companies Inc. now owns 67,624 shares of the business services provider’s stock worth $14,427,000 after purchasing an additional 13,193 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Waste Management by 9.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 55,212 shares of the business services provider’s stock worth $11,779,000 after buying an additional 4,749 shares during the period. Blair William & Co. IL raised its holdings in Waste Management by 2.2% during the second quarter. Blair William & Co. IL now owns 60,003 shares of the business services provider’s stock valued at $12,801,000 after acquiring an additional 1,270 shares during the period. Intech Investment Management LLC lifted its position in shares of Waste Management by 3.5% in the second quarter. Intech Investment Management LLC now owns 72,559 shares of the business services provider’s stock valued at $15,480,000 after acquiring an additional 2,441 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of Waste Management by 0.9% in the second quarter. Brighton Jones LLC now owns 6,384 shares of the business services provider’s stock worth $1,362,000 after acquiring an additional 59 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Up 0.4 %

NYSE WM opened at $211.79 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39. The firm has a market capitalization of $85.01 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.10 and a beta of 0.77. The company has a fifty day moving average of $214.05 and a two-hundred day moving average of $211.22.

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

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given 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 dividend payout ratio (DPR) is presently 45.87%.

Analysts Set New Price Targets

Several analysts recently issued reports on WM shares. UBS Group lifted their target price on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank began coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective on the stock. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management 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.