Czech National Bank Purchases 4,798 Shares of Waste Management, Inc. (NYSE:WM)

Czech National Bank grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,192 shares of the business services provider's stock after purchasing an additional 4,798 shares during the period. Czech National Bank's holdings in Waste Management were worth $15,980,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Graypoint LLC grew its stake in Waste Management by 1.2% in the fourth quarter. Graypoint LLC now owns 6,782 shares of the business services provider's stock valued at $1,369,000 after purchasing an additional 83 shares in the last quarter. RMR Wealth Builders raised its stake in Waste Management by 12.6% in the fourth quarter. RMR Wealth Builders now owns 8,809 shares of the business services provider's stock valued at $1,778,000 after buying an additional 984 shares during the period. LVM Capital Management Ltd. MI lifted its position in shares of Waste Management by 0.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 30,758 shares of the business services provider's stock valued at $6,207,000 after buying an additional 168 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Waste Management by 22.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 2,217 shares of the business services provider's stock worth $447,000 after acquiring an additional 400 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in Waste Management by 9.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,384 shares of the business services provider's stock valued at $683,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Waste Management Price Performance

Shares of WM stock traded down $0.55 on Tuesday, reaching $206.98. The company had a trading volume of 1,350,012 shares, compared to its average volume of 1,709,170. The stock has a market capitalization of $83.07 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. 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 business's 50-day moving average is $214.44 and its 200 day moving average is $211.25. Waste Management, Inc. has a one year low of $180.17 and a one year high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The firm 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 company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 1.45%. Waste Management's payout ratio is presently 45.87%.

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business'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 transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

WM has been the topic of several research analyst reports. 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 report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Argus boosted their price objective on Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They set a "sector perform" rating and a $220.00 target price on the stock. Finally, Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Ten 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $230.72.

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.