Delos Wealth Advisors LLC Reduces Stock Position in Waste Management, Inc. (NYSE:WM)

Delos Wealth Advisors LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 56.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the business services provider’s stock after selling 1,300 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Waste Management were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $30,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Waste Management during the 4th quarter valued at $36,000. Millburn Ridgefield Corp purchased a new position in Waste Management during the third quarter worth $35,000. Rational Advisors LLC acquired a new position in shares of Waste Management in the third quarter worth $41,000. Finally, Janiczek Wealth Management LLC lifted its position in shares of Waste Management by 127.3% in the fourth quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on WM shares. BMO Capital Markets lifted their price objective on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Truist Financial boosted their price objective on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Oppenheimer boosted their price target on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, CIBC raised their price objective on Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.24.

Waste Management Trading Up 0.2 %

Shares of NYSE:WM traded up $0.50 during trading on Thursday, reaching $210.50. 1,318,853 shares of the stock were exchanged, compared to its average volume of 1,668,071. The firm’s 50-day moving average price is $209.09 and its 200 day moving average price is $189.95. The firm has a market cap of $84.43 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89.

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

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Insiders Place Their Bets

In other Waste Management news, CFO Devina A. Rankin sold 775 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total value of $153,899.50. Following the completion of the sale, the chief financial officer now owns 75,204 shares of the company’s stock, valued at $14,934,010.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Devina A. Rankin sold 775 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.58, for a total value of $153,899.50. Following the completion of the transaction, the chief financial officer now owns 75,204 shares of the company’s stock, valued at $14,934,010.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Waste Management Company 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.