Waste Management, Inc. (NYSE:WM) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,875 shares of the business services provider’s stock after purchasing an additional 1,263 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Waste Management were worth $2,843,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gilfoyle & Co LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at about $30,000. Millburn Ridgefield Corp acquired a new position in Waste Management during the 3rd quarter worth approximately $35,000. Rational Advisors LLC acquired a new stake in Waste Management in the third quarter valued at $41,000. Annapolis Financial Services LLC boosted its position in shares of Waste Management by 40.1% during the 3rd quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock worth $50,000 after purchasing an additional 93 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Waste Management during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WM shares. Oppenheimer boosted their target price on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. CIBC boosted their price objective on shares of Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Raymond James boosted their price objective on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup boosted their price objective on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, HSBC lowered shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Waste Management Price Performance

NYSE:WM traded up $2.68 during mid-day trading on Monday, reaching $210.56. 1,502,012 shares of the stock were exchanged, compared to its average volume of 1,681,530. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The firm has a market capitalization of $84.45 billion, a PE ratio of 34.46, a PEG ratio of 2.71 and a beta of 0.72. The business has a fifty day moving average price of $208.99 and a 200 day moving average price of $189.42.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. Research analysts expect that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 3,275 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles C. Boettcher sold 3,275 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock valued at $3,696,520 in the last 90 days. 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.