Capital Advisors Inc. OK Buys 4,663 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Inc. OK boosted its stake in Waste Management, Inc. (NYSE:WM) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 159,199 shares of the business services provider’s stock after acquiring an additional 4,663 shares during the quarter. Capital Advisors Inc. OK’s holdings in Waste Management were worth $32,125,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC boosted its stake in Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after purchasing an additional 2,127 shares during the period. Nordea Investment Management AB boosted its position 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 valued at $854,446,000 after acquiring an additional 280,455 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after acquiring an additional 28,266 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Waste Management by 32.3% during the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock valued at $1,529,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM stock opened at $226.78 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The firm has a market cap of $91.02 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.70 and a beta of 0.78. The business’s 50 day moving average price is $211.85 and its 200-day moving average price is $211.53.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current 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 given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. Waste Management’s dividend payout ratio is presently 44.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, CIBC raised their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Ten research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Activity at Waste Management

In other Waste Management news, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock worth $3,578,340 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

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.