Avior Wealth Management LLC Purchases 297 Shares of Waste Management, Inc. (NYSE:WM)

Avior Wealth Management LLC grew its position in Waste Management, Inc. (NYSE:WM) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,320 shares of the business services provider’s stock after buying an additional 297 shares during the quarter. Avior Wealth Management LLC’s holdings in Waste Management were worth $670,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management grew its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. bought a new position in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management during the 4th quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter worth about $36,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

NYSE WM opened at $209.43 on Friday. Waste Management, Inc. has a 12-month low of $183.00 and a 12-month high of $230.39. The firm has a 50-day moving average price of $212.64 and a two-hundred day moving average price of $211.27. The company has a market capitalization of $84.06 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.17 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 (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for 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 firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on WM. Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC increased 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. BMO Capital Markets upped their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $229.72.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

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.