U.S. Capital Wealth Advisors LLC Buys 353 Shares of Waste Management, Inc. (NYSE:WM)

U.S. Capital Wealth Advisors LLC increased its position in Waste Management, Inc. (NYSE:WM) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,082 shares of the business services provider’s stock after acquiring an additional 353 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Waste Management were worth $1,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in Waste Management by 7.0% in the 3rd quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock worth $15,444,000 after buying an additional 4,842 shares during the period. Park Avenue Securities LLC lifted its holdings in Waste Management by 4.6% in the 3rd quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock worth $1,005,000 after purchasing an additional 213 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Waste Management by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 6,686 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 1,286 shares in the last quarter. Diversified Trust Co lifted its holdings in Waste Management by 40.2% in the 3rd quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock worth $1,460,000 after purchasing an additional 2,016 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in Waste Management by 6.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 21,245 shares of the business services provider’s stock worth $4,410,000 after purchasing an additional 1,332 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the transaction, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,055 shares of company stock worth $2,674,780. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WM. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup lifted their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group decreased their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group upped their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Trading Down 0.6 %

Shares of NYSE WM opened at $222.33 on Wednesday. The business’s 50 day moving average price is $212.16 and its 200-day moving average price 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. The company has a market cap of $89.23 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week 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 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, sell-side analysts expect that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s payout ratio is 44.12%.

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.