958 Shares in Waste Management, Inc. (NYSE:WM) Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 958 shares of the business services provider’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in WM. Azzad Asset Management Inc. ADV grew its holdings in Waste Management by 0.6% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,495 shares of the business services provider’s stock valued at $2,024,000 after buying an additional 55 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Waste Management by 2.7% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock valued at $438,000 after purchasing an additional 53 shares during the last quarter. Exchange Capital Management Inc. bought a new stake in shares of Waste Management in the 1st quarter valued at approximately $206,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Waste Management by 10.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 347,361 shares of the business services provider’s stock valued at $74,040,000 after purchasing an additional 31,538 shares during the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Waste Management in the 1st quarter valued at approximately $399,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.1 %

Shares of NYSE:WM traded up $0.26 on Wednesday, reaching $209.73. The company had a trading volume of 307,286 shares, compared to its average volume of 1,719,179. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54. The firm’s 50 day simple moving average is $208.11 and its 200-day simple moving average is $200.47. The firm has a market capitalization of $84.12 billion, a PE ratio of 34.32, a PEG ratio of 2.48 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the business posted $1.31 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WM shares. Truist Financial raised their price objective on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, April 26th. TD Cowen raised their price target on Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Robert W. Baird raised their price target on Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. BMO Capital Markets raised their price target on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised their price target on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.61.

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.