Courier Capital LLC Buys Shares of 1,130 Waste Management, Inc. (NYSE:WM)

Courier Capital LLC purchased a new position in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,130 shares of the business services provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Waste Management during the 1st quarter worth $29,000. Indiana Trust & Investment Management CO purchased a new position in Waste Management in the 3rd quarter valued at approximately $28,000. KB Financial Partners LLC purchased a new stake in shares of Waste Management during the first quarter worth $33,000. State of Wyoming bought a new position in shares of Waste Management in the fourth quarter worth $34,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Waste Management during the 3rd quarter valued at $35,000. 80.40% of the stock is owned by institutional investors.

Insider Transactions at Waste Management

In other Waste Management news, Director John C. Pope sold 185 shares of the business’s 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 transaction, the director now owns 56,461 shares in the company, valued at $10,219,441. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $184.50, for a total transaction of $461,250.00. Following the sale, the executive vice president now owns 32,959 shares of the company’s stock, valued at approximately $6,080,935.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Pope sold 185 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $181.00, for a total transaction of $33,485.00. Following the completion of the transaction, the director now directly owns 56,461 shares of the company’s stock, valued at $10,219,441. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,242 shares of company stock worth $5,929,355. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of a number of recent analyst reports. UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and lifted their target price for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. Royal Bank of Canada raised their price target on shares of Waste Management from $163.00 to $189.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Oppenheimer lifted their price objective on Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial lifted their price target on Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Citigroup upped their price objective on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $201.47.

Waste Management Trading Up 1.0 %

Shares of WM opened at $213.97 on Thursday. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.02. The firm has a market cap of $85.93 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 3.21 and a beta of 0.72. The firm has a 50 day moving average price of $199.41 and a 200-day moving average price of $178.87. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.19 billion. During the same period in the prior year, the business posted $1.30 earnings per share. As a group, equities research analysts forecast that Waste Management, Inc. will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio is 53.00%.

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.