Wedmont Private Capital Has $1.22 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Wedmont Private Capital grew its position in Waste Management, Inc. (NYSE:WM) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,870 shares of the business services provider’s stock after purchasing an additional 190 shares during the period. Wedmont Private Capital’s holdings in Waste Management were worth $1,217,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CHICAGO TRUST Co NA lifted its stake in Waste Management by 38.0% in the fourth quarter. CHICAGO TRUST Co NA now owns 5,345 shares of the business services provider’s stock valued at $1,079,000 after acquiring an additional 1,471 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Waste Management by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 9,319 shares of the business services provider’s stock worth $1,881,000 after purchasing an additional 499 shares in the last quarter. Brookstone Capital Management increased its position in Waste Management by 0.7% during the fourth quarter. Brookstone Capital Management now owns 27,456 shares of the business services provider’s stock worth $5,540,000 after buying an additional 204 shares during the last quarter. Fiduciary Alliance LLC lifted its position in shares of Waste Management by 322.5% in the fourth quarter. Fiduciary Alliance LLC now owns 8,407 shares of the business services provider’s stock worth $1,696,000 after buying an additional 6,417 shares during the last quarter. Finally, Winthrop Advisory Group LLC boosted its stake in shares of Waste Management by 31.7% during the 4th quarter. Winthrop Advisory Group LLC now owns 1,673 shares of the business services provider’s stock worth $338,000 after acquiring an additional 403 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on WM. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Down 0.1 %

WM opened at $207.12 on Tuesday. Waste Management, Inc. has a twelve month low of $180.17 and a twelve month high of $230.39. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.36 and a beta of 0.77. The firm’s 50-day simple moving average is $214.62 and its 200-day simple moving average is $211.29. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.