Constitution Capital LLC Buys Shares of 6,935 Waste Management, Inc. (NYSE:WM)

Constitution Capital LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,935 shares of the business services provider's stock, valued at approximately $1,399,000. Waste Management makes up 0.8% of Constitution Capital LLC's portfolio, making the stock its 25th largest position.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider's stock worth $1,686,203,000 after purchasing an additional 168,818 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider's stock valued at $1,063,072,000 after buying an additional 520,096 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Waste Management by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock worth $969,401,000 after buying an additional 12,664 shares during the last quarter. Nordea Investment Management AB raised its stake 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 worth $854,446,000 after acquiring an additional 280,455 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Waste Management by 6.8% during the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock valued at $820,539,000 after acquiring an additional 243,900 shares during 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 business's stock in a transaction on 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 sale, the director now owns 3,875 shares of the company's stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WM. 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 report on Wednesday, October 30th. BMO Capital Markets upped their target price on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their price target on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Waste Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 4th. Finally, Scotiabank began coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $230.72.

Waste Management Stock Performance

WM stock traded up $0.78 during trading on Friday, hitting $211.79. 1,663,684 shares of the company traded hands, compared to its average volume of 1,689,250. Waste Management, Inc. has a 1 year low of $181.56 and a 1 year high of $230.39. The company has a market cap of $85.01 billion, a PE ratio of 32.38, a P/E/G ratio of 2.10 and a beta of 0.77. The stock's 50-day simple moving average is $214.05 and its 200 day simple moving average is $211.22. 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 (NYSE:WM - Get Free Report) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the firm earned $1.63 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Waste Management 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.