Waste Management, Inc. (NYSE:WM) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 322.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,407 shares of the business services provider's stock after acquiring an additional 6,417 shares during the quarter. Fiduciary Alliance LLC's holdings in Waste Management were worth $1,696,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock valued at $538,013,000 after purchasing an additional 2,588,842 shares during the last quarter. Wulff Hansen & CO. boosted its position in shares of Waste Management by 20,402.6% during the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider's stock valued at $185,196,000 after buying an additional 863,846 shares during the period. Swedbank AB grew its stake in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock valued at $366,537,000 after buying an additional 709,678 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider's stock worth $1,063,072,000 after acquiring an additional 520,096 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Waste Management by 32.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider's stock valued at $374,062,000 after acquiring an additional 437,613 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on shares of 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 boosted their price target on shares of Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and a consensus price target of $230.72.

Waste Management Stock Performance

Shares of NYSE:WM traded down $0.55 on Tuesday, hitting $206.98. 1,349,962 shares of the company were exchanged, compared to its average volume of 1,709,149. The firm has a market capitalization of $83.07 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.36 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. The stock's 50 day moving average price is $214.62 and its 200 day moving average price is $211.29. Waste Management, Inc. has a 1-year low of $180.17 and a 1-year high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly 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. The company had revenue of $5.61 billion during 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%. Waste Management's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. Sell-side analysts predict that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 1.45%. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction 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 sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

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.