Money Concepts Capital Corp Has $3.85 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Money Concepts Capital Corp trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,075 shares of the business services provider’s stock after selling 211 shares during the quarter. Money Concepts Capital Corp’s holdings in Waste Management were worth $3,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WM. Activest Wealth Management grew its holdings 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 purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake 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 buying an additional 125 shares in the last quarter. General Partner Inc. bought a new stake in Waste Management in the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management during the 4th quarter worth about $35,000. Finally, Richardson Financial Services Inc. boosted its position in shares of 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 acquiring an additional 69 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WM shares. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. UBS Group upped their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Argus upped their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Waste Management Stock Performance

WM stock opened at $222.33 on Wednesday. The stock has a market capitalization of $89.23 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a 50 day moving average price of $212.05 and a 200 day moving average price of $211.24. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) 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%. Analysts forecast that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

Insider Buying and Selling

In related news, CFO Devina A. Rankin sold 5,826 shares of Waste Management stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the completion of the sale, the chief financial officer now directly owns 69,442 shares of the company’s stock, valued at $15,424,457.04. The trade was a 7.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 owns 58,765 shares in the company, valued at approximately $13,052,881.80. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock valued at $2,674,780 over the last ninety days. Insiders own 0.18% of the company’s stock.

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.