Raymond James Financial Services Advisors Inc. Purchases 7,968 Shares of Waste Management, Inc. (NYSE:WM)

Raymond James Financial Services Advisors Inc. raised its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,602 shares of the business services provider’s stock after acquiring an additional 7,968 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.07% of Waste Management worth $48,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of Waste Management by 534.5% during the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock worth $530,000 after acquiring an additional 2,817 shares in the last quarter. Blair William & Co. IL increased its holdings in Waste Management by 0.7% during the 1st quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock worth $8,411,000 after purchasing an additional 370 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Waste Management by 0.6% in the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after purchasing an additional 2,309 shares in the last quarter. Covestor Ltd lifted its stake in Waste Management by 83.8% in the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Waste Management by 44.8% in the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock valued at $5,234,000 after purchasing an additional 10,212 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on WM shares. Truist Financial increased their target price on shares of Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a report on Thursday, February 15th. BMO Capital Markets boosted their target price on shares of Waste Management from $184.00 to $196.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Oppenheimer upped their target price on shares of Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, Erste Group Bank upgraded Waste Management from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $201.47.

View Our Latest Stock Report on WM

Insider Buying and Selling at Waste Management

In related news, Director John C. Pope sold 185 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $181.00, for a total value of $33,485.00. Following the sale, the director now directly owns 56,461 shares of the company’s stock, valued at $10,219,441. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Waste Management news, CEO James C. Fish, Jr. sold 9,550 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $182.00, for a total value of $1,738,100.00. Following the completion of the transaction, the chief executive officer now owns 152,838 shares of the company’s stock, valued at approximately $27,816,516. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John C. Pope sold 185 shares of Waste Management stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total value of $33,485.00. Following the sale, the director now directly owns 56,461 shares in the company, valued at $10,219,441. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,242 shares of company stock valued at $5,929,355. 0.27% of the stock is currently owned by corporate insiders.

Waste Management Trading Down 0.0 %

Shares of WM stock opened at $211.77 on Tuesday. The stock has a market cap of $85.05 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 3.21 and a beta of 0.72. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $213.00. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30. The stock has a 50 day simple moving average of $198.18 and a 200 day simple moving average of $178.10.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, research analysts predict that Waste Management, Inc. will post 6.88 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s dividend payout ratio is presently 53.00%.

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

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

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