McKinley Carter Wealth Services Inc. Buys 4,714 Shares of Waste Management, Inc. (NYSE:WM)

McKinley Carter Wealth Services Inc. boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,936 shares of the business services provider's stock after purchasing an additional 4,714 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in Waste Management were worth $7,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Waste Management by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,963,527 shares of the business services provider's stock valued at $1,061,521,000 after acquiring an additional 46,084 shares in the last quarter. Nordea Investment Management AB boosted its stake in Waste Management by 16.9% during the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider's stock worth $827,815,000 after buying an additional 776,491 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Waste Management by 1.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider's stock valued at $794,174,000 after buying an additional 66,816 shares during the period. Northern Trust Corp lifted its holdings in shares of Waste Management by 2.3% during the 3rd quarter. Northern Trust Corp now owns 4,065,843 shares of the business services provider's stock worth $619,797,000 after acquiring an additional 90,129 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Waste Management by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 2,446,103 shares of the business services provider's stock valued at $372,886,000 after acquiring an additional 9,001 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WM. Raymond James raised their price target on shares of Waste Management from $219.00 to $229.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. 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. Robert W. Baird lifted their price objective on Waste Management from $214.00 to $222.00 and gave the company a "neutral" rating in a report on Tuesday, April 30th. Truist Financial upped their target price on shares of Waste Management from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Finally, HSBC lowered shares of Waste Management from a "buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $216.24.

Waste Management Trading Up 0.5 %

NYSE WM traded up $0.99 during trading hours on Friday, hitting $211.49. The company's stock had a trading volume of 1,082,181 shares, compared to its average volume of 1,548,153. The stock has a fifty day moving average of $209.30 and a 200 day moving average of $190.72. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The firm has a market capitalization of $84.83 billion, a P/E ratio of 34.61, a PEG ratio of 2.76 and a beta of 0.72.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating 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 the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.70. Waste Management's dividend payout ratio is presently 49.10%.

Insiders Place Their Bets

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company's stock, valued at $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Waste Management 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 transaction of $153,899.50. Following the completion of the transaction, the chief financial officer now owns 75,204 shares in the company, valued at approximately $14,934,010.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,007 shares of company stock worth $3,696,520. Company insiders own 0.18% of the company's stock.

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.