Capital Advisors Ltd. LLC Has $419,000 Holdings in Waste Management, Inc. (NYSE:WM)

Capital Advisors Ltd. LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,078 shares of the business services provider’s stock after selling 51 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Waste Management were worth $419,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WM. Activest Wealth Management increased its stake in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management during the fourth quarter worth about $35,000. Finally, Richardson Financial Services Inc. grew its stake in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 69 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.5 %

Waste Management stock opened at $227.89 on Monday. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39. The firm has a market capitalization of $91.63 billion, a PE ratio of 33.51, a P/E/G ratio of 2.71 and a beta of 0.78. The company’s 50-day moving average is $213.43 and its 200-day moving average is $213.12. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.825 per share. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Insider Buying and Selling

In related news, SVP Johnson Varkey sold 560 shares of the firm’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 transaction, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their price target on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. CIBC lifted their price target 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. Truist Financial increased their price objective 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. Jefferies Financial Group cut their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Nine 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 company. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $235.94.

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.