Signal Advisors Wealth LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Signal Advisors Wealth LLC increased its position in Waste Management, Inc. (NYSE:WM) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,449 shares of the business services provider’s stock after purchasing an additional 210 shares during the period. Signal Advisors Wealth LLC’s holdings in Waste Management were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WM. Nordea Investment Management AB lifted its holdings in shares of Waste Management by 7.1% during 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 during the last quarter. Trium Capital LLP raised its stake in Waste Management by 33.6% during the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after acquiring an additional 5,367 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Waste Management by 6.2% in the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after acquiring an additional 28,266 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Waste Management by 417.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

WM opened at $206.98 on Wednesday. The company’s 50 day moving average is $214.44 and its 200 day moving average is $211.25. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company has a market cap of $83.07 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a 12-month low of $180.17 and a 12-month high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

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

Analyst Upgrades and Downgrades

WM has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Truist Financial boosted their price objective 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. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Morgan Stanley upped their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

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.