Waste Management, Inc. (NYSE:WM) Shares Purchased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT raised its position in Waste Management, Inc. (NYSE:WM) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,293 shares of the business services provider’s stock after buying an additional 262 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Waste Management were worth $261,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Waste Management by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after purchasing an additional 168,818 shares during the period. Parnassus Investments LLC raised its stake in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares during the period. Nordea Investment Management AB grew its stake in Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after acquiring an additional 280,455 shares during the period. International Assets Investment Management LLC increased its holdings in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Finally, Barclays PLC raised its position in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after acquiring an additional 276,287 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.6 %

Shares of NYSE:WM opened at $222.33 on Wednesday. The company has a 50 day moving average of $212.16 and a two-hundred day moving average of $211.25. Waste Management, Inc. has a 52-week low of $187.20 and a 52-week high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $89.23 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, analysts forecast that Waste Management, Inc. will post 7.92 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, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s dividend payout ratio (DPR) is 44.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. CIBC boosted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Argus increased their price objective on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Activity

In other news, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the sale, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,055 shares of company stock valued at $2,674,780. Company insiders own 0.18% of the company’s stock.

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.