Strategic Wealth Investment Group LLC Has $6.67 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Strategic Wealth Investment Group LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,040 shares of the business services provider’s stock after buying an additional 353 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Waste Management were worth $6,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WM. Geode Capital Management LLC grew its position in shares of 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 valued at $1,686,203,000 after acquiring an additional 168,818 shares during the period. Parnassus Investments LLC lifted its stake in Waste Management by 11.3% in 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 purchasing an additional 520,096 shares during the last quarter. Nordea Investment Management AB grew its holdings in Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares during the period. International Assets Investment Management LLC increased its position in Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Finally, Barclays PLC raised its stake in Waste Management by 12.8% in the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after buying an additional 276,287 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

Shares of NYSE:WM opened at $222.57 on Friday. The company’s 50 day simple moving average is $212.26 and its 200 day simple moving average is $211.28. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $184.72 and a 1 year high of $230.39. The stock has a market capitalization of $89.33 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77.

Waste Management (NYSE:WM) last posted 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 return on equity of 38.88% and a net margin of 12.45%. As a group, research analysts predict that Waste Management, Inc. will post 7.99 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is 44.12%.

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price objective on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $231.39.

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.