HB Wealth Management LLC Grows Position in Waste Management, Inc. (NYSE:WM)

HB Wealth Management LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,668 shares of the business services provider's stock after purchasing an additional 2,752 shares during the quarter. HB Wealth Management LLC's holdings in Waste Management were worth $9,215,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Aberdeen Wealth Management LLC raised its position in Waste Management by 1.1% during the 3rd 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 increased its stake in shares of Waste Management by 3.9% during the third 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 during the period. Benchmark Financial Wealth Advisors LLC lifted its stake 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 worth $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners grew its holdings in Waste Management by 4.1% during the 3rd 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 increased its position in Waste Management by 1.2% during 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 during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Performance

Shares of NYSE WM traded up $0.78 during midday trading on Friday, reaching $211.79. 1,663,684 shares of the stock were exchanged, compared to its average volume of 1,458,420. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm 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 firm has a 50-day simple moving average of $213.80 and a two-hundred day simple moving average of $211.25. Waste Management, Inc. has a twelve month low of $181.56 and a twelve month high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.63 earnings per share. As a group, analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors 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 dividend on an annualized basis and a yield of 1.42%. Waste Management's payout ratio is 45.87%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WM. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Argus lifted their target price on Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Ten 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $230.72.

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.