Beaumont Financial Advisors LLC Grows Stock Position in Waste Management, Inc. (NYSE:WM)

Beaumont Financial Advisors LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,125 shares of the business services provider’s stock after acquiring an additional 91 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Waste Management were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management boosted its position in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Waste Management by 892.9% during the fourth 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. purchased a new position in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management in the fourth quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management during the 2nd quarter worth about $36,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Finally, Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Ten 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Waste Management Trading Down 0.6 %

Shares of WM stock opened at $211.57 on Thursday. The stock has a market capitalization of $84.92 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a fifty-two week low of $183.00 and a fifty-two week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a 50 day moving average price of $213.33 and a 200 day moving average price of $211.29.

Waste Management (NYSE:WM) last released its earnings results 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. The firm had revenue of $5.61 billion during 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%. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. Equities research analysts predict that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

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.