Strategic Wealth Investment Group LLC Buys 353 Shares of Waste Management, Inc. (NYSE:WM)

Strategic Wealth Investment Group LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,040 shares of the business services provider’s stock after buying an additional 353 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Waste Management were worth $6,667,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes 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 purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its stake in 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 buying an additional 125 shares during the period. General Partner Inc. bought a new position in shares of Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management in the 4th quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter valued at $36,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Shares of Waste Management stock opened at $222.57 on Friday. The firm has a market capitalization of $89.33 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The business’s fifty day simple moving average is $212.26 and its 200 day simple moving average is $211.28. Waste Management, Inc. has a 12 month low of $184.72 and a 12 month high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, analysts anticipate that Waste Management, Inc. will post 7.99 EPS for the current 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 paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.35%. Waste Management’s payout ratio is 44.12%.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’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 transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on WM. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets upped their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $231.39.

Waste Management 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.