Burns J W & Co. Inc. NY Has $9.01 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Burns J W & Co. Inc. NY boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,633 shares of the business services provider’s stock after buying an additional 705 shares during the period. Waste Management makes up about 1.1% of Burns J W & Co. Inc. NY’s holdings, making the stock its 23rd biggest position. Burns J W & Co. Inc. NY’s holdings in Waste Management were worth $9,006,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Activest Wealth Management raised its holdings in shares of 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 purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake 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 acquiring an additional 125 shares in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Fairway Wealth LLC lifted its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Waste Management during the second quarter valued at approximately $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WM shares. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Scotiabank started coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Finally, UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $230.72.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.1 %

Waste Management stock traded down $0.13 during mid-day trading on Monday, hitting $207.12. The stock had a trading volume of 1,458,713 shares, compared to its average volume of 1,759,841. The stock has a market capitalization of $83.13 billion, a PE ratio of 31.67, a P/E/G ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a 12 month low of $180.17 and a 12 month 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. The stock has a 50-day simple moving average of $214.76 and a two-hundred day simple moving average of $211.33.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s dividend payout ratio is presently 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.