MassMutual Private Wealth & Trust FSB Has $10.98 Million Position in Waste Management, Inc. (NYSE:WM)

MassMutual Private Wealth & Trust FSB trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,409 shares of the business services provider's stock after selling 2,372 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Waste Management were worth $10,979,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Aberdeen Wealth Management LLC boosted its stake in shares of 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 buying an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Waste Management by 3.9% during 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 acquiring an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its holdings in Waste Management by 1.9% during the 3rd 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 in the last quarter. Balboa Wealth Partners increased its position in shares of Waste Management by 4.1% in the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock worth $256,000 after purchasing an additional 49 shares during the last quarter. Finally, Werlinich Asset Management LLC lifted its position in shares of Waste Management by 1.2% during the third quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider's stock worth $910,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

WM has been the topic of several research reports. Oppenheimer upped their price objective on Waste Management from $230.00 to $231.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. CIBC lifted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price 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. Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price 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. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $230.72.

Insider Buying and Selling

In related 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 value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

Waste Management Price Performance

WM traded up $0.78 during trading on Monday, reaching $211.79. The stock had a trading volume of 1,663,684 shares, compared to its average volume of 1,458,420. Waste Management, Inc. has a 1-year low of $181.56 and a 1-year high of $230.39. The firm has a market capitalization of $85.01 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. The stock has a 50 day moving average of $213.80 and a two-hundred day moving average of $211.26. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

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, topping analysts' consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company earned $1.63 earnings per share. Waste Management's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

About Waste Management

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.