AlphaMark Advisors LLC Buys 276 Shares of Waste Management, Inc. (NYSE:WM)

AlphaMark Advisors LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,331 shares of the business services provider’s stock after purchasing an additional 276 shares during the quarter. AlphaMark Advisors LLC’s holdings in Waste Management were worth $1,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Activest Wealth Management grew its stake in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Waste Management by 892.9% in the fourth 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 in the last quarter. General Partner Inc. bought a new position in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC purchased a new stake in Waste Management during the fourth quarter valued at about $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Waste Management during the second quarter worth about $36,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WM shares. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price 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. Oppenheimer lifted their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” 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 given a strong buy rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $229.72.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

NYSE WM opened at $209.43 on Friday. Waste Management, Inc. has a one year low of $183.00 and a one year high of $230.39. The stock has a 50-day moving average of $212.64 and a 200 day moving average of $211.27. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market capitalization of $84.06 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is currently 45.87%.

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.