Marcum Wealth LLC Buys 120 Shares of Waste Management, Inc. (NYSE:WM)

Marcum Wealth LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,874 shares of the business services provider’s stock after purchasing an additional 120 shares during the period. Marcum Wealth LLC’s holdings in Waste Management were worth $378,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WM. Activest Wealth Management grew its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates grew its holdings in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. acquired a new stake in Waste Management during the 4th quarter worth about $29,000. Fairway Wealth LLC grew its holdings in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management in the 2nd quarter valued at about $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Down 0.3 %

Shares of WM stock opened at $206.98 on Wednesday. The company’s fifty day simple moving average is $214.44 and its two-hundred day simple moving average is $211.25. The stock has a market capitalization of $83.07 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.36 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $180.17 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. As a group, analysts anticipate that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Analyst Upgrades and Downgrades

WM has been the subject of several research reports. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Scotiabank began coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management 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.