Raymond James Trust N.A. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 53,329 shares of the business services provider’s stock after purchasing an additional 2,336 shares during the period. Raymond James Trust N.A.’s holdings in Waste Management were worth $6,289,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WM. Sontag Advisory LLC increased its holdings in shares of Waste Management by 4.0% in the third quarter. Sontag Advisory LLC now owns 2,306 shares of the business services provider’s stock worth $261,000 after acquiring an additional 89 shares in the last quarter. Appleton Partners Inc. MA increased its stake in Waste Management by 2.0% during the 3rd quarter. Appleton Partners Inc. MA now owns 4,510 shares of the business services provider’s stock worth $510,000 after purchasing an additional 90 shares in the last quarter. Clearstead Advisors LLC increased its stake in Waste Management by 5.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,764 shares of the business services provider’s stock worth $200,000 after purchasing an additional 96 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Waste Management by 0.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,134 shares of the business services provider’s stock worth $1,713,000 after buying an additional 102 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in Waste Management by 0.8% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 13,396 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 105 shares in the last quarter. 71.42% of the stock is owned by hedge funds and other institutional investors.

WM traded down $0.19 during trading on Wednesday, reaching $116.21. 1,423,403 shares of the stock were exchanged, compared to its average volume of 1,543,645. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.86 and a current ratio of 0.88. The stock’s 50 day moving average price is $117.37 and its two-hundred day moving average price is $113.61. Waste Management, Inc. has a twelve month low of $85.34 and a twelve month high of $126.79. The stock has a market cap of $49.11 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 4.70 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, November 2nd. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.74 billion. Waste Management had a net margin of 10.66% and a return on equity of 25.84%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Equities research analysts predict that Waste Management, Inc. will post 3.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 18th. Shareholders of record on Friday, December 4th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, December 3rd. Waste Management’s dividend payout ratio (DPR) is presently 49.55%.

Waste Management announced that its Board of Directors has initiated a stock buyback program on Monday, December 14th that authorizes the company to buyback $1.35 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

WM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waste Management from $111.00 to $119.00 and gave the stock a “hold” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. lowered Waste Management from a “neutral” rating to an “underweight” rating and set a $99.00 price target on the stock. in a report on Wednesday, September 23rd. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “neutral” rating on shares of Waste Management in a report on Sunday, November 15th. Morgan Stanley lifted their target price on Waste Management from $121.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 6th. Finally, Raymond James upped their price target on Waste Management from $120.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Waste Management has an average rating of “Hold” and a consensus target price of $117.07.

In other news, VP Michael J. Watson sold 9,442 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.43, for a total value of $1,108,774.06. Following the transaction, the vice president now directly owns 23,296 shares of the company’s stock, valued at $2,735,649.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Morris sold 23,803 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $116.59, for a total transaction of $2,775,191.77. Following the completion of the transaction, the executive vice president now directly owns 99,437 shares in the company, valued at $11,593,359.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,070 shares of company stock worth $12,360,123. Company insiders own 0.16% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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