Moody Lynn & Lieberson LLC Has $37.86 Million Holdings in Waste Management, Inc. (NYSE:WM)

Moody Lynn & Lieberson LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,628 shares of the business services provider’s stock after acquiring an additional 8,304 shares during the quarter. Waste Management accounts for approximately 2.3% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 13th largest position. Moody Lynn & Lieberson LLC’s holdings in Waste Management were worth $37,861,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Activest Wealth Management raised its position in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Global Wealth Strategies & Associates raised its holdings in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. bought a new stake in Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management during the fourth quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management in the second quarter worth $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.3 %

Waste Management stock opened at $209.43 on Friday. The firm has a market capitalization of $84.06 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The firm’s fifty day moving average price is $212.64 and its two-hundred day moving average price is $211.27. Waste Management, Inc. has a 1-year low of $183.00 and a 1-year high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last released its quarterly 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. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on 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 $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank started coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Truist Financial upped their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. CIBC upped their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus lifted their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.72.

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.