Waste Management, Inc. (NYSE:WM) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 51.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,861 shares of the business services provider’s stock after buying an additional 2,320 shares during the quarter. Brighton Jones LLC’s holdings in Waste Management were worth $1,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board raised its stake in Waste Management by 167.1% during the second quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock worth $1,970,000 after purchasing an additional 5,777 shares during the period. AlTi Global Inc. raised its position in shares of Waste Management by 35.6% in the 2nd quarter. AlTi Global Inc. now owns 1,802 shares of the business services provider’s stock worth $384,000 after buying an additional 473 shares during the period. AQR Capital Management LLC boosted its holdings in Waste Management by 0.8% in the second quarter. AQR Capital Management LLC now owns 460,102 shares of the business services provider’s stock valued at $97,671,000 after acquiring an additional 3,575 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Waste Management by 21.6% during the second quarter. Daymark Wealth Partners LLC now owns 5,556 shares of the business services provider’s stock valued at $1,185,000 after acquiring an additional 988 shares during the period. Finally, MBB Public Markets I LLC increased its stake in Waste Management by 1,798.6% during the second quarter. MBB Public Markets I LLC now owns 28,897 shares of the business services provider’s stock worth $6,165,000 after acquiring an additional 27,375 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $209.43 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 1 year low of $183.00 and a 1 year high of $230.39. The firm’s 50-day simple moving average is $212.81 and its 200-day simple moving average is $211.28. The firm has a market cap of $84.06 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM) last released its earnings results 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 quarter last year, the business posted $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WM shares. Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley raised their target price on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price objective on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $229.72.

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.