USA Financial Formulas Sells 1,071 Shares of Waste Management, Inc. (NYSE:WM)

USA Financial Formulas decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 47.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,174 shares of the business services provider’s stock after selling 1,071 shares during the quarter. USA Financial Formulas’ holdings in Waste Management were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB grew its position in shares of Waste Management by 7.1% during 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 purchasing an additional 280,455 shares in the last quarter. Trium Capital LLP grew its position in shares of Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after purchasing an additional 5,367 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after purchasing an additional 28,266 shares in the last quarter. Finally, Czech National Bank grew its position in Waste Management by 6.4% in the fourth quarter. Czech National Bank now owns 79,192 shares of the business services provider’s stock worth $15,980,000 after acquiring an additional 4,798 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial upped their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. CIBC upped their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Finally, Scotiabank assumed coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.72.

Waste Management Stock Performance

Shares of NYSE:WM opened at $211.02 on Friday. The company has a market cap of $84.70 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. The company has a 50-day moving average price of $214.24 and a 200-day moving average price of $211.23. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12 month low of $180.25 and a 12 month high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

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.