Pacific Capital Wealth Advisors Inc. Buys Shares of 199 Waste Management, Inc. (NYSE:WM)

Pacific Capital Wealth Advisors Inc. bought a new stake in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 199 shares of the business services provider’s stock, valued at approximately $36,000.

Other institutional investors also recently modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $30,000. Millburn Ridgefield Corp acquired a new stake in shares of Waste Management during the 3rd quarter worth approximately $35,000. Rational Advisors LLC acquired a new stake in Waste Management in the 3rd quarter valued at $41,000. Janiczek Wealth Management LLC boosted its stake in Waste Management by 127.3% in the 4th quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after buying an additional 168 shares in the last quarter. Finally, AJOVista LLC acquired a new stake in Waste Management in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 3,275 shares of the 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 directly owns 36,403 shares in the company, valued at approximately $7,262,034.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John J. Morris sold 8,889 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $19,804,339.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles C. Boettcher sold 3,275 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now directly owns 36,403 shares of the company’s stock, valued at $7,262,034.47. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock worth $3,696,520 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.0 %

WM traded down $0.06 during trading on Tuesday, reaching $210.50. 1,282,859 shares of the company’s stock were exchanged, compared to its average volume of 1,677,830. The company’s fifty day moving average price is $209.04 and its 200-day moving average price is $189.80. The firm has a market capitalization of $84.43 billion, a PE ratio of 34.45, a P/E/G ratio of 2.71 and a beta of 0.72. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week 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 announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 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 period in the previous year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Waste Management, Inc. will post 7.26 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and boosted their price target for the company from $190.00 to $205.00 in a research note on Wednesday, February 14th. Jefferies Financial Group boosted their price target on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Thursday, February 15th. Finally, Truist Financial lifted their price target on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, April 26th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $216.24.

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.