WoodTrust Financial Corp Buys 936 Shares of Waste Management, Inc. (NYSE:WM)

WoodTrust Financial Corp boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,231 shares of the business services provider’s stock after acquiring an additional 936 shares during the period. Waste Management accounts for 1.0% of WoodTrust Financial Corp’s holdings, making the stock its 28th biggest position. WoodTrust Financial Corp’s holdings in Waste Management were worth $6,899,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WM. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the 2nd quarter worth $31,000. Fairway Wealth LLC raised its stake in shares of Waste Management by 62.9% in the second 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. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the second quarter worth about $36,000. Fairscale Capital LLC purchased a new stake in Waste Management in the second quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC increased its holdings in Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after buying an additional 80 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WM has been the subject of several research reports. Morgan Stanley upped their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Scotiabank began coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, UBS Group raised their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the business’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 value of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Waste Management Stock Performance

Shares of NYSE:WM opened at $218.45 on Thursday. The business’s 50 day moving average price is $209.76 and its 200-day moving average price is $209.06. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $87.68 billion, a PE ratio of 33.40, a P/E/G ratio of 2.26 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $225.00.

Waste Management (NYSE:WM) last released its 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. The business had revenue of $5.61 billion for 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 business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is presently 45.87%.

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.