Marietta Wealth Management LLC Has $4.48 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Marietta Wealth Management LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,039 shares of the business services provider’s stock after buying an additional 207 shares during the quarter. Marietta Wealth Management LLC’s holdings in Waste Management were worth $4,484,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WM. United Asset Strategies Inc. boosted its holdings in Waste Management by 1.4% in the 4th quarter. United Asset Strategies Inc. now owns 60,246 shares of the business services provider’s stock valued at $10,790,000 after purchasing an additional 826 shares during the period. Donaldson Capital Management LLC increased its stake in Waste Management by 4.0% during the fourth quarter. Donaldson Capital Management LLC now owns 26,236 shares of the business services provider’s stock valued at $4,699,000 after acquiring an additional 1,004 shares during the period. Flputnam Investment Management Co. bought a new stake in shares of Waste Management in the 4th quarter worth approximately $442,000. Capital Analysts LLC grew its holdings in shares of Waste Management by 1.4% during the 4th quarter. Capital Analysts LLC now owns 39,206 shares of the business services provider’s stock worth $7,022,000 after purchasing an additional 548 shares in the last quarter. Finally, Canton Hathaway LLC raised its stake in shares of Waste Management by 1.6% in the fourth quarter. Canton Hathaway LLC now owns 10,393 shares of the business services provider’s stock valued at $1,861,000 after purchasing an additional 160 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada initiated coverage on shares of Waste Management in a research report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price objective for the company. Oppenheimer upped their price target on Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Citigroup lifted their price objective on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Truist Financial raised their target price on shares of Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $204.85.

Waste Management Trading Up 0.1 %

WM stock traded up $0.25 during midday trading on Tuesday, hitting $205.61. 542,594 shares of the company’s stock were exchanged, compared to its average volume of 1,674,721. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The stock’s fifty day moving average price is $205.99 and its 200-day moving average price is $183.90. The company has a market cap of $82.51 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 3.12 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same period in the prior year, the firm earned $1.30 earnings per share. Research analysts predict that Waste Management, Inc. will post 6.88 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s dividend payout ratio is currently 53.00%.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tara J. Hemmer sold 1,782 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the completion of the sale, the senior vice president now directly owns 55,591 shares in the company, valued at $11,353,349.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,057 shares of company stock valued at $5,895,870. 0.18% of the stock is owned by 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.