Blue Trust Inc. Has $1.53 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Blue Trust Inc. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,365 shares of the business services provider’s stock after purchasing an additional 1,798 shares during the period. Blue Trust Inc.’s holdings in Waste Management were worth $1,529,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in shares of Waste Management in the fourth quarter worth about $29,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management in the second quarter worth about $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction 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 transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Trading Down 0.0 %

WM stock opened at $213.62 on Wednesday. Waste Management, Inc. has a 1-year low of $184.72 and a 1-year high of $230.39. The firm has a market cap of $85.74 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.17 and a beta of 0.77. The business’s 50 day moving average is $212.54 and its 200-day moving average is $211.30. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. Equities analysts anticipate 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. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. BMO Capital Markets lifted their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Finally, Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $231.39.

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.