Flagship Wealth Advisors LLC purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,880 shares of the business services provider's stock, valued at approximately $379,000.
Several other institutional investors also recently modified their holdings of WM. Swedbank AB boosted its stake in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock valued at $366,537,000 after purchasing an additional 709,678 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Waste Management by 10.1% in the third quarter. Assetmark Inc. now owns 2,077 shares of the business services provider's stock worth $431,000 after purchasing an additional 191 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Waste Management by 26.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,464 shares of the business services provider's stock worth $2,172,000 after buying an additional 2,198 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Waste Management by 7.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,258 shares of the business services provider's stock worth $2,752,000 after acquiring an additional 903 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock worth $257,000 after purchasing an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.
Insider Transactions at Waste Management
In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now owns 211,061 shares in the company, valued at $48,212,664.23. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Donald J. Smith sold 191 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares in the company, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock valued at $21,662,464 over the last 90 days. Company insiders own 0.18% of the company's stock.
Waste Management Stock Performance
Shares of WM traded down $2.14 on Friday, reaching $224.76. The company's stock had a trading volume of 2,535,970 shares, compared to its average volume of 1,534,326. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $235.81. The stock's 50 day simple moving average is $222.33 and its two-hundred day simple moving average is $215.73. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The stock has a market capitalization of $90.38 billion, a P/E ratio of 33.05, a PEG ratio of 2.71 and a beta of 0.75.
Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.
Waste Management Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. Waste Management's dividend payout ratio (DPR) is currently 48.53%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on WM. William Blair restated an "outperform" rating on shares of Waste Management in a report on Friday, January 31st. Morgan Stanley boosted their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. CIBC raised their price objective on shares of Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Stifel Nicolaus increased their target price on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Scotiabank lifted 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. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $236.65.
Check Out Our Latest Report on WM
About Waste Management
(
Free Report)
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.
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