Capital Advisors Inc. OK Buys 4,663 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Inc. OK grew its holdings in Waste Management, Inc. (NYSE:WM) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,199 shares of the business services provider’s stock after acquiring an additional 4,663 shares during the quarter. Capital Advisors Inc. OK’s holdings in Waste Management were worth $32,125,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WM. Activest Wealth Management boosted its position in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its position in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. bought a new stake in shares of Waste Management in the fourth quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management in the fourth quarter valued at about $35,000. Finally, Richardson Financial Services Inc. raised its stake in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $226.78 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39. The stock’s 50 day moving average is $211.85 and its 200-day moving average is $211.53. The firm has a market capitalization of $91.02 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is currently 44.12%.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped 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. Truist Financial upped their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group upped their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the sale, the senior vice president now directly owns 18,531 shares of the company’s stock, valued at $4,185,967.59. This trade represents a 17.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the sale, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by insiders.

Waste Management Company 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.