MONECO Advisors LLC Purchases 54 Shares of Waste Management, Inc. (NYSE:WM)

MONECO Advisors LLC increased its position in shares of 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 & Exchange Commission. The institutional investor owned 4,812 shares of the business services provider’s stock after acquiring an additional 54 shares during the quarter. MONECO Advisors LLC’s holdings in Waste Management were worth $971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WM. Geode Capital Management LLC raised its stake in Waste Management by 2.1% in the third 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 buying an additional 168,818 shares during the last quarter. Parnassus Investments LLC raised its position in shares of 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 boosted 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 worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. Barclays PLC increased its position in shares of Waste Management by 12.8% in the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after acquiring an additional 276,287 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Waste Management by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,087,006 shares of the business services provider’s stock worth $433,262,000 after acquiring an additional 18,983 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Truist Financial raised their price target 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. CIBC upped their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Raymond James boosted their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $235.94.

Waste Management Stock Down 0.5 %

Shares of WM opened at $227.89 on Monday. The firm has a market cap of $91.63 billion, a P/E ratio of 33.51, a PEG ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $230.39. The stock’s 50 day moving average is $213.43 and its two-hundred day moving average is $213.12. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (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 37.93%. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 44.12%.

Insider Activity at Waste Management

In other 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 value of $123,261.60. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the sale, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by corporate insiders.

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.