Waste Management, Inc. (NYSE:WM) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,720 shares of the business services provider’s stock after acquiring an additional 195 shares during the quarter. Ballentine Partners LLC’s holdings in Waste Management were worth $2,072,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WM. Integrated Wealth Concepts LLC raised its holdings in shares of Waste Management by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after buying an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC raised its stake in Waste Management by 5.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 332 shares during the last quarter. International Assets Investment Management LLC lifted its position in Waste Management by 13,927.7% during the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after acquiring an additional 500,701 shares during the period. Pacer Advisors Inc. grew its stake in shares of Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after purchasing an additional 22,455 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial lifted their price objective on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley increased their target price on Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Royal Bank of Canada upped their price objective on Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. Finally, StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $217.61.

Insider Transactions at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of WM stock traded up $0.88 during trading hours on Monday, hitting $209.87. The company’s stock had a trading volume of 72,799 shares, compared to its average volume of 1,708,305. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The stock has a market cap of $84.17 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 2.43 and a beta of 0.74. The business has a fifty day moving average of $207.37 and a 200-day moving average of $198.67.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the business posted $1.31 earnings per share. Waste Management’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Waste Management’s dividend payout ratio is currently 49.10%.

Waste Management Company 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.