Wetzel Investment Advisors Inc. Has $336,000 Holdings in Waste Management, Inc. (NYSE:WM)

Wetzel Investment Advisors Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,667 shares of the business services provider’s stock after purchasing an additional 59 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Waste Management were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WM. Public Sector Pension Investment Board boosted its holdings in shares of Waste Management by 167.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock worth $1,970,000 after buying an additional 5,777 shares during the period. Magnolia Capital Advisors LLC grew its position in shares of Waste Management by 145.7% in the second quarter. Magnolia Capital Advisors LLC now owns 3,283 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 1,947 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Waste Management by 11.4% during the second quarter. NewEdge Advisors LLC now owns 43,413 shares of the business services provider’s stock worth $9,262,000 after purchasing an additional 4,435 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Waste Management by 106.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,794 shares of the business services provider’s stock worth $25,344,000 after purchasing an additional 61,142 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Waste Management by 9.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 826 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WM shares. 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. Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price target on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Argus raised their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.39.

Waste Management Stock Performance

NYSE WM opened at $213.46 on Tuesday. The firm’s fifty day moving average price is $212.64 and its two-hundred day moving average price is $211.28. The stock has a market cap of $85.67 billion, a PE ratio of 32.64, a PEG ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $184.72 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the company posted $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm 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 1.41%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.