Wilmington Savings Fund Society FSB Has $3.35 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Wilmington Savings Fund Society FSB increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 45.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,620 shares of the business services provider’s stock after purchasing an additional 5,185 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Waste Management were worth $3,354,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC lifted its position in shares of Waste Management by 0.8% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock valued at $56,135,000 after acquiring an additional 2,127 shares during the period. Nordea Investment Management AB increased its stake in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares in the last quarter. Principal Financial Group Inc. raised its stake in Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after buying an additional 28,266 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Waste Management by 32.3% in the fourth quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock worth $1,529,000 after acquiring an additional 1,798 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. Stifel Nicolaus upped their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Scotiabank raised their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Raymond James boosted their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Truist Financial lifted their price target 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, William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Activity at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the transaction, the executive vice president now owns 45,542 shares in the company, valued at $10,046,109.78. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Up 0.0 %

NYSE:WM opened at $224.94 on Friday. The firm’s 50 day moving average is $211.84 and its 200 day moving average is $211.44. Waste Management, Inc. has a 12 month low of $187.48 and a 12 month high of $230.39. The stock has a market capitalization of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued 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 expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

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.