RMR Wealth Builders Purchases 984 Shares of Waste Management, Inc. (NYSE:WM)

by · The Markets Daily

RMR Wealth Builders raised its position in Waste Management, Inc. (NYSE:WM – Free Report) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,809 shares of the business services provider’s stock after purchasing an additional 984 shares during the period. RMR Wealth Builders’ holdings in Waste Management were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LVM Capital Management Ltd. MI increased its holdings in shares of Waste Management by 0.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 30,758 shares of the business services provider’s stock worth $6,207,000 after purchasing an additional 168 shares during the period. ST Germain D J Co. Inc. increased its stake in Waste Management by 22.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 2,217 shares of the business services provider’s stock worth $447,000 after acquiring an additional 400 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in Waste Management by 9.3% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,384 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 289 shares in the last quarter. Park National Corp OH lifted its position in shares of Waste Management by 0.8% during the 4th quarter. Park National Corp OH now owns 208,515 shares of the business services provider’s stock valued at $42,076,000 after acquiring an additional 1,660 shares during the period. Finally, First County Bank CT increased its position in shares of Waste Management by 8.7% in the fourth quarter. First County Bank CT now owns 1,132 shares of the business services provider’s stock worth $228,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.2 %

Shares of Waste Management stock traded up $0.44 on Friday, hitting $207.02. 2,563,774 shares of the company’s stock traded hands, compared to its average volume of 1,809,076. The company has a market capitalization of $83.09 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. The company has a fifty day moving average of $214.90 and a two-hundred day moving average of $211.38. 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 one year low of $177.83 and a one year high of $230.39.

Waste Management (NYSE:WM – Get Free Report) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the company earned $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WM. Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped 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. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. 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, the company has an average rating of “Moderate Buy” and an average price target of $230.72.

View Our Latest Report on WM

Waste Management Profile

(Free Report)

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.

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