Winthrop Advisory Group LLC Has $338,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Winthrop Advisory Group LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 31.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,673 shares of the business services provider’s stock after purchasing an additional 403 shares during the period. Winthrop Advisory Group LLC’s holdings in Waste Management were worth $338,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC lifted its position in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management in the second quarter valued at approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on WM shares. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Morgan Stanley lifted their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. CIBC lifted their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Trading Down 0.6 %

Shares of NYSE:WM traded down $1.15 during midday trading on Monday, reaching $206.10. The company’s stock had a trading volume of 189,200 shares, compared to its average volume of 1,570,290. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 31.51, a PEG 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. The firm has a 50 day moving average price of $214.76 and a two-hundred day moving average price of $211.33. Waste Management, Inc. has a fifty-two week low of $180.17 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is 45.87%.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

About Waste Management

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.