First Pacific Financial Purchases 1,287 Shares of Waste Management, Inc. (NYSE:WM)

First Pacific Financial lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,428 shares of the business services provider's stock after purchasing an additional 1,287 shares during the quarter. First Pacific Financial's holdings in Waste Management were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Aberdeen Wealth Management LLC boosted its holdings in Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider's stock valued at $857,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock valued at $257,000 after buying an additional 46 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider's stock valued at $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners raised its stake in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock worth $256,000 after acquiring an additional 49 shares in the last quarter. Finally, Werlinich Asset Management LLC boosted its stake in shares of Waste Management by 1.2% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider's stock valued at $910,000 after purchasing an additional 50 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.4 %

Shares of NYSE:WM traded up $0.78 during midday trading on Friday, hitting $211.79. The company had a trading volume of 1,663,684 shares, compared to its average volume of 1,458,420. The firm has a fifty day simple moving average of $214.05 and a 200 day simple moving average of $211.22. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.10 and a beta of 0.77. 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 $181.56 and a 12 month high of $230.39.

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 (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 EPS. On average, analysts predict that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

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

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WM shares. William Blair started coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Scotiabank began coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 target price for the company. CIBC increased their price target on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.72.

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.