MWA Asset Management Has $889,000 Holdings in Waste Management, Inc. (NYSE:WM)

MWA Asset Management lessened its position in Waste Management, Inc. (NYSE:WM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,405 shares of the business services provider’s stock after selling 70 shares during the period. MWA Asset Management’s holdings in Waste Management were worth $889,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WM. Bartlett & CO. Wealth Management LLC boosted its stake in Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock valued at $56,135,000 after purchasing an additional 2,127 shares during the period. Nordea Investment Management AB boosted its stake in shares of Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after buying an additional 280,455 shares during the period. J.W. Cole Advisors Inc. increased its stake in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after acquiring an additional 5,367 shares during the period. Principal Financial Group Inc. lifted its position in shares of Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after acquiring an additional 28,266 shares during the period. Finally, Blue Trust Inc. lifted its position in Waste Management by 32.3% during the fourth quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 1,798 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.0 %

NYSE WM opened at $224.94 on Friday. Waste Management, Inc. has a 12 month low of $187.48 and a 12 month high of $230.39. 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 firm has a market capitalization of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. The business’s 50-day moving average price is $211.90 and its two-hundred day moving average price is $211.43.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management’s payout ratio is currently 44.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Oppenheimer raised their target price on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Argus increased their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Transactions at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the sale, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,055 shares of company stock valued at $3,578,340. Corporate insiders own 0.18% of the company’s stock.

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.