Fifth Third Wealth Advisors LLC Grows Stock Holdings in Waste Management, Inc. (NYSE:WM)

Fifth Third Wealth Advisors LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,537 shares of the business services provider’s stock after acquiring an additional 339 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Waste Management were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aberdeen Wealth Management LLC increased its holdings in shares of Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares during the last quarter. Balboa Wealth Partners grew its holdings in shares of Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after buying an additional 49 shares during the last quarter. Finally, Werlinich Asset Management LLC increased its position in shares of Waste Management by 1.2% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider’s stock valued at $910,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $208.16 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a fifty day moving average of $214.44 and a 200 day moving average of $211.25. The firm has a market cap of $83.55 billion, a PE ratio of 31.83, a PEG ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a one year low of $180.17 and a one year high of $230.39.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, research analysts predict that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. CIBC lifted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer increased their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Truist Financial upped their price target 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $230.72.

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.