By otakuyassine3@gmail.com 
CHICAGO TRUST Co NA increased its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 38.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,345 shares of the business services provider’s stock after purchasing an additional 1,471 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Waste Management were worth $1,079,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WM. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. bought a new stake in shares of Waste Management during the fourth quarter valued at about $29,000. Fairway Wealth LLC grew its stake in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Waste Management in the 2nd quarter worth approximately $39,000. 80.40% of the stock is owned by institutional investors.
Insider Activity at Waste Management
In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value 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. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
Waste Management Stock Down 0.2 %
Shares of NYSE:WM traded down $0.51 during trading on Monday, reaching $206.74. 400,453 shares of the stock traded hands, compared to its average volume of 1,605,326. Waste Management, Inc. has a 52-week low of $180.17 and a 52-week high of $230.39. The stock has a 50-day moving average of $214.76 and a two-hundred day moving average of $211.33. The stock has a market cap of $82.98 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. 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 – Get Free Report) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.
Waste Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.
Analysts Set New Price Targets
WM has been the subject of several research analyst reports. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.72.
View Our Latest Stock Report on WM
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.
Further Reading
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