Free Trial

Hennion & Walsh Asset Management Inc. Acquires 1,381 Shares of Waste Management, Inc. (NYSE:WM)

Waste Management logo with Business Services background

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,704 shares of the business services provider's stock after purchasing an additional 1,381 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Waste Management were worth $3,976,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WM. Activest Wealth Management grew its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. bought a new position in shares of Waste Management during the fourth quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management in the second quarter worth about $36,000. Finally, Fairscale Capital LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Up 0.4 %

Shares of NYSE:WM traded up $0.78 during trading on Friday, reaching $211.79. 1,663,645 shares of the stock traded hands, compared to its average volume of 1,689,202. The stock has a 50-day moving average of $214.05 and a two-hundred day moving average of $211.22. Waste Management, Inc. has a 52-week low of $181.56 and a 52-week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market cap of $85.01 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 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 firm had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. 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 dividend payout ratio (DPR) is 45.87%.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the 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 transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 4th. William Blair assumed coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Finally, 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. Ten 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $230.72.

View Our Latest Stock Report on WM

About Waste Management

(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.

See Also

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Should You Invest $1,000 in Waste Management Right Now?

Before you consider Waste Management, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Management wasn't on the list.

While Waste Management currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Crypto Boom 2025: Bitcoin’s Rise and Trump’s Impact on the Market
Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks
7 Stocks to Benefit From Trump’s Tariffs in 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines