Waste Management, Inc. (NYSE:WM) Shares Acquired by Iowa State Bank

Iowa State Bank lifted its holdings in Waste Management, Inc. (NYSE:WM) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,675 shares of the business services provider’s stock after purchasing an additional 228 shares during the period. Iowa State Bank’s holdings in Waste Management were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% in the 3rd 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 during the period. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Fairway Wealth LLC grew its stake in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the second quarter worth approximately $36,000. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of Waste Management stock traded down $0.60 during midday trading on Monday, hitting $201.05. 599,173 shares of the company were exchanged, compared to its average volume of 1,167,121. The firm has a market cap of $80.69 billion, a P/E ratio of 30.74, a PEG ratio of 2.36 and a beta of 0.75. The firm has a 50 day simple moving average of $215.72 and a 200-day simple moving average of $211.54. Waste Management, Inc. has a 52 week low of $176.68 and a 52 week high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the company earned $1.63 EPS. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Analyst Ratings Changes

Several brokerages have recently commented on WM. UBS Group increased their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Waste Management 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.