Moody Lynn & Lieberson LLC Decreases Position in Waste Management, Inc. $WM

Moody Lynn & Lieberson LLC lessened its stake in Waste Management, Inc. (NYSE:WM) by 1.6% in the third quarter, according to the company in its most recent 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 about 2.2% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 16th largest holding. Moody Lynn & Lieberson LLC’s holdings in Waste Management were worth $41,073,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. acquired a new stake in shares of Waste Management during the first quarter valued at about $325,000. Flputnam Investment Management Co. lifted its stake in shares of Waste Management by 6.5% in the first quarter. Flputnam Investment Management Co. now owns 1,499 shares of the business services provider’s stock worth $347,000 after acquiring an additional 92 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Waste Management by 6.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 13,300 shares of the business services provider’s stock valued at $3,079,000 after purchasing an additional 815 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of Waste Management by 668.3% in the 1st quarter. EP Wealth Advisors LLC now owns 132,583 shares of the business services provider’s stock valued at $30,694,000 after purchasing an additional 115,327 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WM. Truist Financial set a $260.00 target price on shares of Waste Management in a research note on Wednesday, October 29th. DZ Bank started coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Barclays reduced their price objective on Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company initiated coverage on shares of Waste Management in a research note on Friday, November 14th. They set an “overweight” rating and a $238.00 target price for the company. Three investment 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, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $248.95.

Waste Management Stock Performance

Shares of WM opened at $222.13 on Wednesday. The firm has a fifty day moving average of $212.07 and a 200-day moving average of $220.25. The company has a market cap of $89.49 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share 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 firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

About Waste Management

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.