1,707 Shares in Waste Management, Inc. (NYSE:WM) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,707 shares of the business services provider's stock, valued at approximately $344,000.

A number of other large investors have also bought and sold shares of WM. Checchi Capital Advisers LLC lifted its stake in shares of Waste Management by 0.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock valued at $1,366,000 after buying an additional 45 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after acquiring an additional 48 shares in the last quarter. Maia Wealth LLC increased its holdings in Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock worth $259,000 after purchasing an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Waste Management by 1.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider's stock worth $624,000 after purchasing an additional 49 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Waste Management by 0.6% in the fourth quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after purchasing an additional 49 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. Scotiabank increased their price target on Waste Management from $250.00 to $255.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Stifel Nicolaus raised their price target on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Jefferies Financial Group decreased their price objective on Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Raymond James raised their target price on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $236.65.

Waste Management Price Performance

Shares of NYSE WM traded down $0.30 during trading hours on Wednesday, reaching $233.50. 395,766 shares of the stock traded hands, compared to its average volume of 1,614,526. The company has a market capitalization of $93.89 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company's 50-day simple moving average is $225.39 and its two-hundred day simple moving average is $216.98. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $235.81.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.41%. Waste Management's dividend payout ratio is currently 48.53%.

Insider Buying and Selling at Waste Management

In related news, SVP Johnson Varkey sold 124 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $234.96, for a total transaction of $29,135.04. Following the completion of the transaction, the senior vice president now owns 8,491 shares in the company, valued at $1,995,045.36. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John A. Carroll sold 209 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is currently owned by insiders.

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.