Winthrop Advisory Group LLC Boosts Stock Holdings in Waste Management, Inc. (NYSE:WM)

Winthrop Advisory Group LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 31.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,673 shares of the business services provider’s stock after purchasing an additional 403 shares during the period. Winthrop Advisory Group LLC’s holdings in Waste Management were worth $338,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Czech National Bank lifted its position in shares of Waste Management by 6.4% during the fourth quarter. Czech National Bank now owns 79,192 shares of the business services provider’s stock worth $15,980,000 after acquiring an additional 4,798 shares in the last quarter. Graypoint LLC raised its position in shares of Waste Management by 1.2% in the fourth quarter. Graypoint LLC now owns 6,782 shares of the business services provider’s stock worth $1,369,000 after buying an additional 83 shares in the last quarter. RMR Wealth Builders raised its position in shares of Waste Management by 12.6% in the fourth quarter. RMR Wealth Builders now owns 8,809 shares of the business services provider’s stock worth $1,778,000 after buying an additional 984 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in shares of Waste Management by 0.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 30,758 shares of the business services provider’s stock worth $6,207,000 after buying an additional 168 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its position in shares of Waste Management by 22.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 2,217 shares of the business services provider’s stock worth $447,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial increased 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. Stifel Nicolaus increased their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley increased their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Stock Down 0.6 %

WM traded down $1.15 on Monday, hitting $206.10. The company had a trading volume of 189,200 shares, compared to its average volume of 1,570,290. 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 52-week low of $180.17 and a 52-week high of $230.39. The stock has a fifty day simple moving average of $214.76 and a 200-day simple moving average of $211.33. The firm has a market capitalization of $82.72 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.36 and a beta of 0.77.

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

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. Waste Management’s payout ratio is 45.87%.

Insider Activity

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. Company insiders own 0.18% of the company’s stock.

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.