Waste Management, Inc. (NYSE:WM) Shares Acquired by Chapman Investment Management LLC

Chapman Investment Management LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,084 shares of the business services provider’s stock after acquiring an additional 1,045 shares during the quarter. Waste Management makes up 3.5% of Chapman Investment Management LLC’s portfolio, making the stock its 11th biggest position. Chapman Investment Management LLC’s holdings in Waste Management were worth $4,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of WM. Activest Wealth Management grew its stake in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at approximately $35,000. Finally, Richardson Financial Services Inc. boosted its holdings in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.3 %

Shares of NYSE:WM opened at $228.38 on Wednesday. The company has a 50 day moving average of $212.57 and a 200-day moving average of $212.59. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm has a market cap of $91.66 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.74 and a beta of 0.78. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.825 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.44%. Waste Management’s payout ratio is 44.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WM shares. Oppenheimer raised their price target on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Jefferies Financial Group dropped their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. UBS Group boosted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Nine investment 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 company’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Insider Transactions at Waste Management

In related news, SVP Tara J. Hemmer sold 4,576 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares of the company’s stock, 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. Insiders have sold 16,055 shares of company stock valued at $3,578,340 over the last three months. 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.