Burns J W & Co. Inc. NY Acquires 705 Shares of Waste Management, Inc. (NYSE:WM)

Burns J W & Co. Inc. NY raised its holdings in Waste Management, Inc. (NYSE:WM) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 44,633 shares of the business services provider’s stock after acquiring an additional 705 shares during the quarter. Waste Management comprises 1.1% of Burns J W & Co. Inc. NY’s holdings, making the stock its 23rd biggest holding. Burns J W & Co. Inc. NY’s holdings in Waste Management were worth $9,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised 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 raised its position in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. bought a new stake in shares of Waste Management during the fourth quarter worth approximately $29,000. Fairway Wealth LLC increased its stake in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter worth approximately $36,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Down 0.1 %

Waste Management stock traded down $0.13 during midday trading on Monday, hitting $207.12. 1,458,713 shares of the stock were exchanged, compared to its average volume of 1,759,841. 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 stock has a market capitalization of $83.13 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a 52-week low of $180.17 and a 52-week high of $230.39. The business’s 50-day moving average price is $214.76 and its 200-day moving average price is $211.33.

Waste Management (NYSE:WM) last issued 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 last year, the company posted $1.63 earnings per share. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed 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 1.45%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. CIBC boosted their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $230.72.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction 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 transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

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.