CWA Asset Management Group LLC Has $941,000 Position in Waste Management, Inc. (NYSE:WM)

CWA Asset Management Group LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,663 shares of the business services provider’s stock after buying an additional 117 shares during the period. CWA Asset Management Group LLC’s holdings in Waste Management were worth $941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Activest Wealth Management grew its position in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth $29,000. Fairway Wealth LLC boosted its position in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management in the second quarter valued at about $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent research reports. William Blair initiated coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Argus upped their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. CIBC raised their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Trading Up 0.7 %

NYSE:WM opened at $203.24 on Wednesday. Waste Management, Inc. has a 52 week low of $176.68 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 firm’s fifty day moving average is $215.27 and its 200-day moving average is $211.45. The firm has a market cap of $81.57 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.36 and a beta of 0.77.

Waste Management (NYSE:WM) last issued 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. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Equities analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated 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 of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

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.