New Age Alpha Advisors LLC Has $570,000 Holdings in Waste Management, Inc. $WM

New Age Alpha Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1,043.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,596 shares of the business services provider’s stock after buying an additional 2,369 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Waste Management were worth $570,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its holdings in Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after buying an additional 67 shares during the period. JPL Wealth Management LLC acquired a new stake in Waste Management during the 3rd quarter worth approximately $30,000. Kelleher Financial Advisors acquired a new stake in Waste Management during the 4th quarter worth approximately $31,000. Finally, Holos Integrated Wealth LLC acquired a new stake in Waste Management during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other news, SVP Tara J. Hemmer sold 4,818 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $241.83, for a total value of $1,165,136.94. Following the completion of the transaction, the senior vice president owned 78,918 shares in the company, valued at $19,084,739.94. This trade represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John J. Morris sold 7,979 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $245.07, for a total value of $1,955,413.53. Following the completion of the transaction, the chief operating officer owned 98,656 shares of the company’s stock, valued at $24,177,625.92. The trade was a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,222 shares of company stock worth $8,552,294 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $214.23 on Friday. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.25 and a beta of 0.49. The business has a 50-day moving average of $225.27 and a 200-day moving average of $224.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.945 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WM. Barclays lifted their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, Stifel Nicolaus lifted their price target on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $255.67.

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.