Avior Wealth Management LLC Purchases 297 Shares of Waste Management, Inc. (NYSE:WM)

Avior Wealth Management LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,320 shares of the business services provider’s stock after purchasing an additional 297 shares during the quarter. Avior Wealth Management LLC’s holdings in Waste Management were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Public Sector Pension Investment Board increased its holdings in shares of Waste Management by 167.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,235 shares of the business services provider’s stock worth $1,970,000 after purchasing an additional 5,777 shares during the period. MBB Public Markets I LLC increased its stake in Waste Management by 1,798.6% during the second quarter. MBB Public Markets I LLC now owns 28,897 shares of the business services provider’s stock valued at $6,165,000 after acquiring an additional 27,375 shares during the period. Kathmere Capital Management LLC raised its holdings in Waste Management by 23.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 7,083 shares of the business services provider’s stock valued at $1,511,000 after acquiring an additional 1,366 shares in the last quarter. Buck Wealth Strategies LLC lifted its position in shares of Waste Management by 7.8% in the 2nd quarter. Buck Wealth Strategies LLC now owns 46,890 shares of the business services provider’s stock worth $10,003,000 after acquiring an additional 3,382 shares during the period. Finally, Magnolia Capital Advisors LLC increased its position in shares of Waste Management by 145.7% during the second quarter. Magnolia Capital Advisors LLC now owns 3,283 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 1,947 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’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 value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. CIBC upped their target price on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Scotiabank assumed coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target for the company. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus raised 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. Ten research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $229.72.

Waste Management Price Performance

Waste Management stock opened at $209.43 on Friday. The stock has a market cap of $84.06 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a 12-month low of $183.00 and a 12-month high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The business’s 50-day simple moving average is $212.64 and its 200 day simple moving average is $211.27.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping 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 company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the company earned $1.63 EPS. Waste Management’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.