Alpha Cubed Investments LLC Increases Stake in Waste Management, Inc. (NYSE:WM)

Alpha Cubed Investments LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,973 shares of the business services provider’s stock after buying an additional 56 shares during the period. Alpha Cubed Investments LLC’s holdings in Waste Management were worth $353,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gilfoyle & Co LLC purchased a new stake in Waste Management during the 4th quarter worth approximately $30,000. Millburn Ridgefield Corp acquired a new position in shares of Waste Management in the 3rd quarter valued at $35,000. Rational Advisors LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at $41,000. Janiczek Wealth Management LLC boosted its holdings in shares of Waste Management by 127.3% in the 4th quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after buying an additional 168 shares in the last quarter. Finally, Annapolis Financial Services LLC boosted its holdings in shares of Waste Management by 40.1% in the 3rd quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock valued at $50,000 after buying an additional 93 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Waste Management news, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares in the company, valued at approximately $1,640,641.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Waste Management news, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares in the company, valued at approximately $1,640,641.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tara J. Hemmer sold 1,782 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The disclosure for this sale can be found here. Insiders sold 18,007 shares of company stock worth $3,696,520 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WM. TD Cowen upped their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday. Truist Financial upped their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Oppenheimer increased their price target 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. Finally, Stifel Nicolaus increased their price target on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.24.

Waste Management Stock Down 0.3 %

Shares of Waste Management stock opened at $207.38 on Wednesday. The company has a market cap of $83.18 billion, a P/E ratio of 34.04, a PEG ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The firm has a fifty day moving average of $208.88 and a two-hundred day moving average of $188.04.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. On average, analysts forecast that Waste Management, Inc. will post 7.19 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

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.