EntryPoint Capital LLC Invests $67,000 in Waste Management, Inc. (NYSE:WM)

EntryPoint Capital LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) during the 1st quarter, Holdings Channel.com reports. The fund acquired 315 shares of the business services provider’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Hexagon Capital Partners LLC raised its stake in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Sachetta LLC bought a new position in Waste Management during the 4th quarter worth $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management in the 1st quarter worth approximately $35,000. Gilfoyle & Co LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Waste Management in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Waste Management news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the sale, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM stock traded down $2.96 during trading on Friday, hitting $196.96. 2,500,282 shares of the stock traded hands, compared to its average volume of 1,486,250. The company has a 50 day simple moving average of $209.51 and a 200 day simple moving average of $204.67. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00. The stock has a market cap of $79.00 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 2.32 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the business posted $1.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.75 per share. The ex-dividend date was Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.52%. Waste Management’s dividend payout ratio is currently 49.10%.

Analysts Set New Price Targets

Several research analysts have issued reports on WM shares. Morgan Stanley increased their price objective on Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Truist Financial cut their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets cut their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday. Royal Bank of Canada dropped their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, TD Cowen raised their target price on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $215.83.

Waste Management Company 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.