Waste Management, Inc. (NYSE:WM) Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,161 shares of the business services provider’s stock after purchasing an additional 2,870 shares during the period. Chesley Taft & Associates LLC’s holdings in Waste Management were worth $17,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Waste Management by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after buying an additional 168,818 shares during the last quarter. Parnassus Investments LLC grew its stake in Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after acquiring an additional 520,096 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Waste Management by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock worth $969,401,000 after purchasing an additional 12,664 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Waste Management by 7.1% during the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Waste Management by 6.8% in the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock valued at $820,539,000 after purchasing an additional 243,900 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of several analyst reports. Argus upped their target price on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group raised their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $230.72.

View Our Latest Stock Analysis on Waste Management

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Waste Management Price Performance

Waste Management stock opened at $211.79 on Tuesday. The company’s 50 day moving average is $213.57 and its two-hundred day moving average is $211.27. The firm has a market cap of $85.01 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52-week low of $181.56 and a 52-week high of $230.39.

Waste Management (NYSE:WMGet Free Report) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the business posted $1.63 earnings per share. Waste Management’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. Waste Management’s dividend payout ratio is currently 45.87%.

Waste Management Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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