Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Secure Asset Management LLC

Secure Asset Management LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 114.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,827 shares of the business services provider’s stock after buying an additional 2,040 shares during the period. Secure Asset Management LLC’s holdings in Waste Management were worth $772,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Red Door Wealth Management LLC raised its position in shares of Waste Management by 11.5% during the fourth quarter. Red Door Wealth Management LLC now owns 33,617 shares of the business services provider’s stock worth $6,784,000 after purchasing an additional 3,455 shares during the period. Avior Wealth Management LLC lifted its stake in Waste Management by 9.8% during the fourth quarter. Avior Wealth Management LLC now owns 3,320 shares of the business services provider’s stock valued at $670,000 after buying an additional 297 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of Waste Management in the fourth quarter worth about $123,000. Janney Montgomery Scott LLC increased its position in shares of Waste Management by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 254,035 shares of the business services provider’s stock worth $51,262,000 after acquiring an additional 12,577 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock valued at $56,135,000 after acquiring an additional 2,127 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WM shares. CIBC boosted their target price on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $229.72.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction 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 represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Waste Management Stock Down 0.3 %

Shares of Waste Management stock opened at $209.43 on Friday. Waste Management, Inc. has a 12-month low of $183.00 and a 12-month high of $230.39. The stock has a market capitalization of $84.06 billion, a P/E ratio of 32.02, a PEG ratio of 2.17 and a beta of 0.77. 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 50 day moving average price of $212.81 and a two-hundred day moving average price of $211.28.

Waste Management (NYSE:WM) last announced its 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 firm had revenue of $5.61 billion for 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Equities analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared 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 1.43%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Waste Management Company 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.