Retirement Guys Formula LLC Acquires 400 Shares of Waste Management, Inc. (NYSE:WM)

Retirement Guys Formula LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,804 shares of the business services provider’s stock after purchasing an additional 400 shares during the quarter. Retirement Guys Formula LLC’s holdings in Waste Management were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WM. Inspire Investing LLC grew its stake in shares of Waste Management by 10.9% in the third quarter. Inspire Investing LLC now owns 1,370 shares of the business services provider’s stock worth $284,000 after purchasing an additional 135 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Waste Management by 14.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,003 shares of the business services provider’s stock valued at $1,039,000 after acquiring an additional 619 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in Waste Management during the 3rd quarter valued at approximately $413,000. Grove Bank & Trust boosted its position in Waste Management by 6.5% during the 3rd quarter. Grove Bank & Trust now owns 1,278 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 78 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in Waste Management by 3.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 4,781 shares of the business services provider’s stock valued at $993,000 after acquiring an additional 168 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Waste Management

In other news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the sale, the vice president now directly owns 6,129 shares in the company, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,055 shares of company stock worth $3,578,340. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $226.78 on Wednesday. The firm has a market cap of $91.02 billion, a P/E ratio of 33.35, a PEG ratio of 2.70 and a beta of 0.78. 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 company has a 50 day moving average of $211.85 and a 200 day moving average of $211.53. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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%. As a group, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid 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 yield of 1.32%. Waste Management’s dividend payout ratio is presently 44.12%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada lifted their price objective 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. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $234.50.

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.