Waste Management, Inc. (NYSE:WM) Shares Bought by Czech National Bank

Czech National Bank raised its holdings in Waste Management, Inc. (NYSE:WM) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 79,192 shares of the business services provider’s stock after acquiring an additional 4,798 shares during the period. Czech National Bank’s holdings in Waste Management were worth $15,980,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WM. Graypoint LLC raised its position in shares of Waste Management by 1.2% in the 4th quarter. Graypoint LLC now owns 6,782 shares of the business services provider’s stock worth $1,369,000 after buying an additional 83 shares during the period. RMR Wealth Builders raised its position in shares of Waste Management by 12.6% in the 4th quarter. RMR Wealth Builders now owns 8,809 shares of the business services provider’s stock worth $1,778,000 after buying an additional 984 shares during the period. LVM Capital Management Ltd. MI raised its position in shares of Waste Management by 0.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 30,758 shares of the business services provider’s stock worth $6,207,000 after buying an additional 168 shares during the period. ST Germain D J Co. Inc. raised its position in shares of Waste Management by 22.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,217 shares of the business services provider’s stock worth $447,000 after buying an additional 400 shares during the period. Finally, Baker Tilly Wealth Management LLC raised its position in Waste Management by 9.3% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,384 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 289 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WM shares. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. CIBC raised their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Stock Down 0.1 %

NYSE:WM opened at $207.12 on Tuesday. The company has a market capitalization of $83.13 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth 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. The stock has a 50-day simple moving average of $214.62 and a 200 day simple moving average of $211.29. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

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

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s payout ratio is currently 45.87%.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.