Waste Management, Inc. (NYSE:WM) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,147 shares of the business services provider’s stock after purchasing an additional 155 shares during the period. Kingsview Wealth Management LLC’s holdings in Waste Management were worth $2,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management increased its stake 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 valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its position in Waste Management by 892.9% in the fourth 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 period. General Partner Inc. bought a new position in Waste Management during the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management in the 4th quarter worth $35,000. Finally, Richardson Financial Services Inc. boosted its stake in Waste Management by 65.7% during the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the transaction, the vice president now directly owns 6,129 shares in the company, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price objective on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Ten 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Stock Performance

Shares of NYSE WM opened at $224.94 on Monday. The business’s 50-day simple moving average is $211.84 and its 200-day simple moving average is $211.39. Waste Management, Inc. has a 52 week low of $187.48 and a 52 week high of $230.39. 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 market cap of $90.28 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 1.33%. Waste Management’s payout ratio is presently 44.12%.

About Waste Management

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.