4,396 Shares in Waste Management, Inc. (NYSE:WM) Bought by Impact Investors Inc

Impact Investors Inc bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,396 shares of the business services provider’s stock, valued at approximately $887,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates raised its holdings in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. bought a new position in Waste Management in the 4th quarter worth about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management in the fourth quarter worth about $35,000. Finally, Pineridge Advisors LLC bought a new stake in Waste Management during the 4th quarter worth approximately $35,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the transaction, the chief executive officer now owns 211,061 shares in the company, valued at approximately $48,212,664.23. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,192 shares of company stock worth $15,025,861. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WM shares. Citigroup increased their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on 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 reaffirmed an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Nine 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 company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $235.94.

Waste Management Stock Performance

Shares of Waste Management stock opened at $230.59 on Wednesday. Waste Management, Inc. has a one year low of $196.59 and a one year high of $232.44. The company has a 50-day simple moving average of $214.22 and a two-hundred day simple moving average of $213.47. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The company has a market capitalization of $92.72 billion, a PE ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last released its 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 37.93% and a net margin of 12.45%. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.825 per share. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s payout ratio is 44.12%.

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.