Breed s Hill Capital LLC Invests $318,000 in Waste Management, Inc. (NYSE:WM)

Breed s Hill Capital LLC purchased a new stake in Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,773 shares of the business services provider’s stock, valued at approximately $318,000.

Other institutional investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $30,000. Millburn Ridgefield Corp acquired a new stake in shares of Waste Management in the 3rd quarter worth $35,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at about $36,000. Rational Advisors LLC purchased a new position in Waste Management during the third quarter worth about $41,000. Finally, Annapolis Financial Services LLC lifted its position in Waste Management by 40.1% in the third quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.2 %

Waste Management stock traded up $0.50 during midday trading on Thursday, reaching $210.50. The stock had a trading volume of 1,318,853 shares, compared to its average volume of 1,668,071. The stock has a market capitalization of $84.43 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s 50-day simple moving average is $209.09 and its 200 day simple moving average is $189.95. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 7.26 EPS for the current year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.75 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Waste Management’s payout ratio is presently 49.10%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Truist Financial lifted their price objective on Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and raised their price target for the stock from $190.00 to $205.00 in a research note on Wednesday, February 14th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $216.24.

Insider Buying and Selling

In related news, EVP Charles C. Boettcher sold 3,275 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total transaction of $653,329.75. Following the transaction, the executive vice president now directly owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the transaction, the vice president now owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles C. Boettcher sold 3,275 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The disclosure for this sale can be found here. In the last three months, insiders sold 18,007 shares of company stock valued at $3,696,520. Company 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.