Galvin Gaustad & Stein LLC Has $17.01 Million Stake in Waste Management, Inc. (NYSE:WM)

Galvin Gaustad & Stein LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,272 shares of the business services provider’s stock after selling 8,844 shares during the quarter. Waste Management makes up about 1.5% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 27th biggest holding. Galvin Gaustad & Stein LLC’s holdings in Waste Management were worth $17,005,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC raised its position in Waste Management by 9.8% during the fourth quarter. Avior Wealth Management LLC now owns 3,320 shares of the business services provider’s stock worth $670,000 after acquiring an additional 297 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Waste Management during the fourth quarter worth $123,000. Janney Montgomery Scott LLC raised its position in Waste Management by 5.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 254,035 shares of the business services provider’s stock worth $51,262,000 after acquiring an additional 12,577 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in Waste Management by 0.8% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after acquiring an additional 2,127 shares in the last quarter. Finally, Magnus Financial Group LLC raised its position in shares of Waste Management by 7.9% in the fourth quarter. Magnus Financial Group LLC now owns 4,552 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WM. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. 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 research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, CIBC upped their price target 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. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Trading Up 0.0 %

WM opened at $211.46 on Thursday. The company’s 50 day moving average is $213.04 and its 200-day moving average is $211.29. The company has a market cap of $84.87 billion, a P/E ratio of 32.32, a PEG ratio of 2.18 and a beta of 0.77. Waste Management, Inc. has a 1-year low of $183.00 and a 1-year high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. Equities research analysts predict 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. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s payout ratio is 45.87%.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’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 transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.