Waste Management, Inc. (NYSE:WM) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its stake in Waste Management, Inc. (NYSE:WM) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,324 shares of the business services provider’s stock after purchasing an additional 104 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Waste Management were worth $7,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Sachetta LLC bought a new stake in Waste Management during the fourth quarter worth approximately $27,000. Gilfoyle & Co LLC acquired a new position in Waste Management in the fourth quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management during the 1st quarter valued at $35,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter worth $36,000. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WM. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Raymond James upped their price target on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial lowered their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft began coverage on Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price for the company. Finally, Morgan Stanley upped their price target on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $215.83.

Waste Management Trading Up 0.8 %

Shares of WM stock traded up $1.56 on Wednesday, reaching $202.66. The company had a trading volume of 1,682,592 shares, compared to its average volume of 1,708,528. The stock has a market cap of $81.33 billion, a PE ratio of 32.91, a PEG ratio of 2.21 and a beta of 0.74. The company has a 50-day moving average of $209.21 and a 200-day moving average of $205.33. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $225.00.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the previous year, the business posted $1.51 EPS. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Waste Management, Inc. will post 7.27 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.48%. Waste Management’s payout ratio is 49.10%.

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.