1,087 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. bought a new position in Waste Management, Inc. (NYSE:WM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,087 shares of the business services provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Sachetta LLC bought a new stake in Waste Management in the fourth quarter worth approximately $27,000. Gilfoyle & Co LLC bought a new stake in Waste Management in the fourth quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new stake in Waste Management in the first quarter worth approximately $35,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Waste Management in the fourth quarter worth approximately $36,000. Finally, DSM Capital Partners LLC bought a new stake in Waste Management in the fourth quarter worth approximately $38,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on WM. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus upped their price objective on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 26th. CIBC upped their price objective on shares of Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price objective for the company. Finally, Truist Financial upped their price objective 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. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $217.61.

Waste Management Trading Up 0.3 %

Shares of Waste Management stock opened at $213.34 on Friday. The stock has a market capitalization of $85.57 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The company has a 50-day simple moving average of $208.06 and a 200 day simple moving average of $199.85. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. Research analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the sale, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.