Arkadios Wealth Advisors Has $1.44 Million Position in Waste Management, Inc. (NYSE:WM)

Arkadios Wealth Advisors decreased its position in Waste Management, Inc. (NYSE:WM) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,120 shares of the business services provider’s stock after selling 722 shares during the quarter. Arkadios Wealth Advisors’ holdings in Waste Management were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WM. Activest Wealth Management lifted its position in 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 during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Waste Management by 892.9% during the 4th 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. acquired a new stake in Waste Management in the 4th quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 2nd quarter worth approximately $36,000. Finally, Fairscale Capital LLC acquired a new position in shares of Waste Management during the second quarter worth approximately $39,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the subject of several research analyst reports. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Truist Financial increased their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. CIBC boosted their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $230.72.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $211.79 on Monday. Waste Management, Inc. has a 12-month low of $181.56 and a 12-month high of $230.39. The stock has a 50-day simple moving average of $213.80 and a 200 day simple moving average of $211.25. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $85.01 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Waste Management’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

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.