Foundations Investment Advisors LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Foundations Investment Advisors LLC grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 45.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,209 shares of the business services provider's stock after buying an additional 1,316 shares during the period. Foundations Investment Advisors LLC's holdings in Waste Management were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Activest Wealth Management grew its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock valued at $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its holdings in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management during the 2nd quarter valued at approximately $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WM. CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective on Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Oppenheimer upped their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Finally, Scotiabank upgraded shares of Waste Management from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $225.00 to $250.00 in a report on Monday. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $231.39.

Waste Management Price Performance

WM stock traded up $13.02 on Thursday, reaching $222.57. 3,161,925 shares of the company's stock were exchanged, compared to its average volume of 1,811,485. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average of $212.26 and a 200-day moving average of $211.28. Waste Management, Inc. has a twelve month low of $184.72 and a twelve month high of $230.39. The firm has a market cap of $89.33 billion, a PE ratio of 34.03, a P/E/G ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.35% and a return on equity of 39.88%. As a group, equities analysts predict that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, December 6th. Waste Management's payout ratio is currently 45.87%.

About Waste Management

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.