Greystone Financial Group LLC Purchases 6,799 Shares of Waste Management, Inc. $WM

Greystone Financial Group LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 14.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,728 shares of the business services provider’s stock after buying an additional 6,799 shares during the period. Waste Management makes up approximately 1.8% of Greystone Financial Group LLC’s portfolio, making the stock its 23rd biggest holding. Greystone Financial Group LLC’s holdings in Waste Management were worth $11,865,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the last quarter. Sprott Inc. bought a new stake in Waste Management in the first quarter worth about $325,000. Integrated Wealth Concepts LLC boosted its stake in Waste Management by 2.7% in the first quarter. Integrated Wealth Concepts LLC now owns 28,253 shares of the business services provider’s stock valued at $6,541,000 after acquiring an additional 748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Waste Management by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 110,036 shares of the business services provider’s stock worth $25,474,000 after purchasing an additional 9,403 shares during the last quarter. Finally, Plancorp LLC raised its holdings in shares of Waste Management by 40.7% in the 1st quarter. Plancorp LLC now owns 1,572 shares of the business services provider’s stock worth $364,000 after purchasing an additional 455 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 0.6%

Shares of Waste Management stock opened at $218.37 on Monday. The company’s 50-day moving average price is $212.29 and its 200-day moving average price is $219.94. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a market cap of $87.97 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.45 and a beta of 0.59.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the company posted $1.96 EPS. The business’s revenue was up 14.9% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Scotiabank reduced their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 29th. Truist Financial set a $260.00 price objective on Waste Management in a report on Wednesday, October 29th. UBS Group dropped their price objective on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Morgan Stanley reduced their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus dropped their price target on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $248.95.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.