Waste Management, Inc. (NYSE:WM) Shares Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Waste Management, Inc. (NYSE:WM) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,929 shares of the business services provider’s stock after purchasing an additional 300 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Waste Management were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WM. International Assets Investment Management LLC raised its stake in Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after acquiring an additional 2,588,842 shares during the last quarter. Swedbank AB increased its position in Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after buying an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Waste Management by 32.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after buying an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Waste Management by 138.0% during the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after acquiring an additional 416,579 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus upped their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial upped 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. Finally, Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research 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 stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.4 %

Shares of 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. The stock 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. The firm has a fifty day moving average of $214.05 and a 200-day moving average of $211.22. 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, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the business posted $1.63 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

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

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.