Waste Management, Inc. (NYSE:WM) Position Lifted by Oak Thistle LLC

Oak Thistle LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 28.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,446 shares of the business services provider’s stock after purchasing an additional 998 shares during the period. Oak Thistle LLC’s holdings in Waste Management were worth $897,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WM. Activest Wealth Management boosted its holdings 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 worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates boosted 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. acquired a new stake in Waste Management during the fourth quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the second quarter worth about $36,000. Finally, Fairscale Capital LLC acquired a new position in Waste Management in the second quarter valued at approximately $39,000. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. CIBC boosted their target price 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. Finally, Royal Bank of Canada raised their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Price Performance

Shares of WM opened at $208.16 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market capitalization of $83.55 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.36 and a beta of 0.77. The business’s 50-day moving average is $214.44 and its 200-day moving average is $211.25. Waste Management, Inc. has a fifty-two week low of $180.17 and a fifty-two week high of $230.39.

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

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

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.