Waste Management, Inc. (NYSE:WM) Shares Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,524 shares of the business services provider’s stock after purchasing an additional 482 shares during the period. Diversify Advisory Services LLC’s holdings in Waste Management were worth $1,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WM. Sei Investments Co. boosted its holdings in shares of Waste Management by 20.1% in the 2nd quarter. Sei Investments Co. now owns 225,389 shares of the business services provider’s stock valued at $48,085,000 after acquiring an additional 37,754 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Waste Management by 6.0% in the second quarter. Thrivent Financial for Lutherans now owns 49,025 shares of the business services provider’s stock valued at $10,459,000 after purchasing an additional 2,760 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Waste Management by 9.8% during the 2nd quarter. ProShare Advisors LLC now owns 51,214 shares of the business services provider’s stock valued at $10,926,000 after buying an additional 4,554 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Waste Management by 53,520.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,043 shares of the business services provider’s stock valued at $1,716,000 after buying an additional 8,028 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in Waste Management by 40.0% during the second quarter. 1832 Asset Management L.P. now owns 29,584 shares of the business services provider’s stock worth $6,311,000 after acquiring an additional 8,448 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $211.79 on Tuesday. Waste Management, Inc. has a 1-year low of $181.56 and a 1-year high of $230.39. 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. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The business’s fifty day moving average price is $213.80 and its two-hundred day moving average price is $211.26.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (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 business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

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

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’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 completion of the transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Oppenheimer upped their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Scotiabank began coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.72.

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.