Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,830 shares of the business services provider’s stock after buying an additional 327 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Waste Management were worth $2,589,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Activest Wealth Management increased its stake in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates raised its stake 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 worth $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. bought a new position in Waste Management during the fourth quarter valued at about $29,000. Fairway Wealth LLC grew its holdings in 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 acquiring an additional 66 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $39,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

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

Analyst Ratings Changes

Several research firms have recently weighed in on WM. UBS Group raised their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus increased their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. 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 stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Stock Up 0.4 %

Shares of Waste Management stock traded up $0.73 during midday trading on Wednesday, reaching $207.90. 121,090 shares of the company’s stock traded hands, compared to its average volume of 1,523,646. The company has a market cap of $83.44 billion, a price-to-earnings ratio of 31.79, 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 company’s 50 day simple moving average is $214.44 and its 200 day simple moving average is $211.25. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. 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 company posted $1.63 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

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.