1,314 Shares in Waste Management, Inc. (NYSE:WM) Bought by Enterprise Financial Services Corp

Enterprise Financial Services Corp bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,314 shares of the business services provider’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in shares of Waste Management by 1.5% in the 3rd quarter. Private Advisor Group LLC now owns 60,712 shares of the business services provider’s stock valued at $9,255,000 after purchasing an additional 883 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Waste Management in the 3rd quarter valued at $527,000. Larson Financial Group LLC boosted its stake in shares of Waste Management by 12.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,168 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 128 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Waste Management by 61.5% in the 3rd quarter. ORG Partners LLC now owns 1,552 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 591 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Waste Management by 0.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 106,861 shares of the business services provider’s stock worth $16,290,000 after buying an additional 748 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WM shares. Royal Bank of Canada upped their price target on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Citigroup boosted their price objective on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. increased their target price on Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Stifel Nicolaus increased their target price on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Truist Financial increased their target price on Waste Management from $220.00 to $240.00 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, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.61.

Waste Management Stock Performance

Waste Management stock traded up $0.13 during mid-day trading on Thursday, hitting $210.05. 276,213 shares of the company’s stock traded hands, compared to its average volume of 1,653,331. The firm has a 50 day simple moving average of $209.55 and a two-hundred day simple moving average of $193.27. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market cap of $84.25 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 2.71 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85.

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 the consensus estimate 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 return on equity of 38.61% and a net margin of 11.98%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. On average, research analysts expect that Waste Management, Inc. will post 7.29 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s payout ratio is currently 49.10%.

Insider Activity at Waste Management

In related news, EVP John J. Morris sold 8,889 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the transaction, the executive vice president now directly owns 95,461 shares in the company, valued at $19,804,339.06. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $2,390,951 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

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.