Bleakley Financial Group LLC Has $2.69 Million Position in Waste Management, Inc. (NYSE:WM)

Bleakley Financial Group LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,336 shares of the business services provider’s stock after acquiring an additional 705 shares during the quarter. Bleakley Financial Group LLC’s holdings in Waste Management were worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Waste Management by 94,414.4% during 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 purchasing an additional 2,588,842 shares during the period. Swedbank AB grew its holdings in Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares in the last quarter. Parnassus Investments LLC grew its holdings in 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 valued at $1,063,072,000 after buying an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Waste Management by 32.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after buying an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Waste Management by 138.0% during the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after purchasing an additional 416,579 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In other Waste Management news, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the transaction, the executive vice president now owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,055 shares of company stock valued at $2,674,780. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.0 %

WM stock opened at $224.77 on Friday. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The business’s 50-day moving average is $211.98 and its two-hundred day moving average is $211.34. 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 company has a market cap of $90.22 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, analysts forecast that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

Several research analysts have recently commented on WM shares. Argus boosted their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Raymond James boosted their price objective on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Scotiabank upped their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Truist Financial increased their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $234.50.

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.