Waste Management, Inc. (NYSE:WM) Shares Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI raised its stake in Waste Management, Inc. (NYSE:WM) by 200.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,633 shares of the business services provider’s stock after buying an additional 8,422 shares during the quarter. Norris Perne & French LLP MI’s holdings in Waste Management were worth $2,693,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC grew its position in Waste Management by 7.3% during the fourth quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after buying an additional 55 shares in the last quarter. Drake & Associates LLC grew its position in Waste Management by 3.4% during the fourth quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock worth $296,000 after buying an additional 55 shares in the last quarter. Alpha Cubed Investments LLC grew its position in Waste Management by 2.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock worth $353,000 after buying an additional 56 shares in the last quarter. Signal Advisors Wealth LLC grew its position in Waste Management by 2.2% during the first quarter. Signal Advisors Wealth LLC now owns 2,571 shares of the business services provider’s stock worth $548,000 after buying an additional 56 shares in the last quarter. Finally, Peoples Financial Services CORP. boosted its holdings in shares of Waste Management by 1.7% in the 4th quarter. Peoples Financial Services CORP. now owns 3,459 shares of the business services provider’s stock valued at $620,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. CIBC raised their target price on Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Oppenheimer lifted their price objective on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Truist Financial lifted their price objective on Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $217.61.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.3 %

WM stock traded up $0.67 during trading on Friday, reaching $213.34. The company had a trading volume of 2,908,229 shares, compared to its average volume of 1,972,412. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The company has a market cap of $85.57 billion, a P/E ratio of 34.92, a PEG ratio of 2.47 and a beta of 0.74. The business has a 50 day moving average of $208.06 and a 200 day moving average of $199.69. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio is presently 49.10%.

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.