Compass Capital Corp MA ADV Takes $562,000 Position in Waste Management, Inc. (NYSE:WM)

Compass Capital Corp MA ADV bought a new stake in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,641 shares of the business services provider’s stock, valued at approximately $562,000.

A number of other hedge funds have also made changes to their positions in WM. Activest Wealth Management grew its holdings in Waste Management by 4,000.0% during the 3rd 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 in the last quarter. Global Wealth Strategies & Associates grew its holdings in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. acquired a new stake in Waste Management during the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC acquired a new stake in Waste Management during the 4th quarter valued at $35,000. Finally, Richardson Financial Services Inc. grew its holdings in Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity

In related news, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the sale, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the sale, the senior vice president now directly owns 18,531 shares in the company, valued at approximately $4,185,967.59. The trade was a 17.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.2 %

Shares of NYSE:WM opened at $229.07 on Friday. The firm has a market capitalization of $91.94 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The firm has a fifty day moving average of $213.14 and a two-hundred day moving average of $212.81. 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 (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.825 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.44%. Waste Management’s payout ratio is currently 44.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WM shares. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Raymond James raised their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Nine investment 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

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.