Waste Management, Inc. (NYSE:WM) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,369 shares of the business services provider’s stock after buying an additional 615 shares during the quarter. Waste Management makes up 1.4% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 24th biggest position. Hamilton Point Investment Advisors LLC’s holdings in Waste Management were worth $7,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WM. Institute for Wealth Management LLC. grew its stake in Waste Management by 3.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 9,019 shares of the business services provider’s stock worth $1,820,000 after buying an additional 295 shares during the last quarter. Sonora Investment Management Group LLC grew its position in shares of Waste Management by 6.4% during the fourth quarter. Sonora Investment Management Group LLC now owns 11,513 shares of the business services provider’s stock worth $2,323,000 after acquiring an additional 689 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. increased its holdings in shares of Waste Management by 54.3% in the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 3,832 shares of the business services provider’s stock worth $773,000 after acquiring an additional 1,348 shares during the period. Cibc World Market Inc. lifted its position in Waste Management by 10.3% in the 4th quarter. Cibc World Market Inc. now owns 252,022 shares of the business services provider’s stock valued at $50,856,000 after purchasing an additional 23,512 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC grew its position in Waste Management by 1.1% in the 4th quarter. Strategic Wealth Investment Group LLC now owns 33,040 shares of the business services provider’s stock worth $6,667,000 after purchasing an additional 353 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s 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 of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 6.2 %

Shares of NYSE:WM opened at $222.57 on Friday. Waste Management, Inc. has a 12-month low of $184.72 and a 12-month high of $230.39. 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 firm has a market capitalization of $89.33 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. The firm has a fifty day moving average of $212.28 and a two-hundred day moving average of $211.36.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, equities analysts expect that Waste Management, Inc. will post 7.99 EPS 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 paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Nine 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. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $231.39.

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.