3,223 Shares in Waste Management, Inc. $WM Acquired by Tradewinds LLC.

Tradewinds LLC. bought a new stake in Waste Management, Inc. (NYSE:WM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,223 shares of the business services provider’s stock, valued at approximately $712,000.

Several other institutional investors have also modified their holdings of WM. Loomis Sayles & Co. L P acquired a new stake in Waste Management during the second quarter worth about $40,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Waste Management during the 3rd quarter worth approximately $41,000. Wealth Watch Advisors INC purchased a new stake in shares of Waste Management during the 2nd quarter valued at approximately $43,000. Halbert Hargrove Global Advisors LLC lifted its holdings in Waste Management by 47.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 78 shares during the last quarter. Finally, Gladwyn Financial Advisors Inc. purchased a new position in Waste Management in the second quarter worth approximately $58,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WM. The Goldman Sachs Group began coverage on Waste Management in a research note on Monday, November 24th. They issued a “buy” rating and a $256.00 price target on the stock. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. Truist Financial set a $260.00 price target on shares of Waste Management in a research note on Wednesday, October 29th. Stifel Nicolaus lowered their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.45.

Waste Management Price Performance

Waste Management stock opened at $221.21 on Monday. The company’s 50 day moving average is $215.74 and its two-hundred day moving average is $219.16. The firm has a market cap of $89.12 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s payout ratio is 51.97%.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.