InTrack Investment Management Inc Invests $797,000 in Waste Management, Inc. (NYSE:WM)

InTrack Investment Management Inc purchased a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,846 shares of the business services provider's stock, valued at approximately $797,000.

A number of other large investors also recently bought and sold shares of the business. Activest Wealth Management grew its position 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 increased its stake in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management in the second quarter valued at approximately $36,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Waste Management in the second quarter worth approximately $39,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WM. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. William Blair started coverage on Waste Management in a research report on Thursday, October 3rd. They issued an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price objective on Waste Management from $213.00 to $219.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their target price on Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Scotiabank started coverage on Waste Management in a report on Friday, October 4th. They set a "sector perform" rating and a $220.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.72.

Waste Management Stock Up 0.4 %

Shares of Waste Management stock traded up $0.78 on Friday, reaching $211.79. 1,663,684 shares of the company were exchanged, compared to its average volume of 1,458,420. The stock's 50 day moving average price is $213.80 and its 200-day moving average price is $211.25. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1-year low of $181.56 and a 1-year high of $230.39. The company has a market cap of $85.01 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management's dividend payout ratio is currently 45.87%.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.