Waste Management, Inc. $WM Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,993 shares of the business services provider’s stock after selling 3,030 shares during the quarter. Waste Management comprises approximately 2.2% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 16th largest position. Moody Lynn & Lieberson LLC’s holdings in Waste Management were worth $41,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornercap Investment Counsel Inc. acquired a new stake in shares of Waste Management during the 3rd quarter valued at $1,583,000. Wealthfront Advisers LLC raised its holdings in shares of Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after acquiring an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. boosted its position in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after purchasing an additional 5,588 shares during the last quarter. Truist Financial Corp grew its stake in Waste Management by 62.9% in the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock valued at $61,331,000 after purchasing an additional 103,487 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in Waste Management by 8.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 95,804 shares of the business services provider’s stock worth $21,156,000 after purchasing an additional 7,143 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group lowered their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus dropped their price target on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Sanford C. Bernstein started coverage on shares of Waste Management in a report on Wednesday, November 12th. They set an “outperform” rating and a $255.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Finally, Scotiabank cut their target price on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.95.

Waste Management Stock Performance

NYSE WM opened at $222.13 on Wednesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The stock has a market cap of $89.49 billion, a P/E ratio of 34.98, a PEG ratio of 2.74 and a beta of 0.58. The company’s 50-day simple moving average is $212.07 and its 200 day simple moving average is $220.25.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the firm earned $1.96 EPS. Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s payout ratio is 51.97%.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.