Waste Management, Inc. (NYSE:WM) Holdings Boosted by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,056 shares of the business services provider’s stock after acquiring an additional 316 shares during the period. Waste Management comprises approximately 1.4% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 10th biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Waste Management were worth $3,038,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WM. Activest Wealth Management lifted its stake 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 acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its stake 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 period. General Partner Inc. bought a new stake in Waste Management in the fourth quarter valued at approximately $29,000. Fairscale Capital LLC bought a new position in shares of Waste Management in the second quarter worth approximately $39,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management in the second quarter worth $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WM. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, William Blair initiated coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $230.72.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the business’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 transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Up 0.4 %

NYSE:WM opened at $211.79 on Tuesday. The firm has a market capitalization of $85.01 billion, a P/E ratio of 32.38, a PEG ratio of 2.14 and a beta of 0.77. 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, Inc. has a one year low of $181.56 and a one year high of $230.39. The company’s 50-day simple moving average is $213.80 and its 200 day simple moving average is $211.26.

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. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

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.