Coastline Trust Co Has $4.81 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Coastline Trust Co increased its position in shares of Waste Management, Inc. (NYSE:WM) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,826 shares of the business services provider’s stock after acquiring an additional 2,291 shares during the period. Coastline Trust Co’s holdings in Waste Management were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Dimensional Fund Advisors LP increased its holdings in Waste Management by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,067 shares of the business services provider’s stock worth $489,570,000 after buying an additional 170,046 shares during the last quarter. Dnca Finance bought a new position in shares of Waste Management during the 4th quarter valued at $5,650,000. Forum Financial Management LP raised its holdings in Waste Management by 21.1% during the fourth quarter. Forum Financial Management LP now owns 3,150 shares of the business services provider’s stock valued at $636,000 after buying an additional 549 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in shares of Waste Management by 1.5% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 122,198 shares of the business services provider’s stock worth $24,658,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Capital Square LLC acquired a new position in shares of Waste Management during the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Devina A. Rankin sold 5,826 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares of the company’s stock, valued at approximately $15,424,457.04. This trade represents a 7.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,577 shares of company stock worth $21,662,464 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 0.6 %

NYSE:WM opened at $230.84 on Friday. The firm has a market capitalization of $92.87 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $239.32. The business’s 50-day moving average price is $227.89 and its two-hundred day moving average price is $218.96. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. This is a boost from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Waste Management’s payout ratio is presently 48.53%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup raised their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. UBS Group upped their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. StockNews.com downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Oppenheimer upped their price target on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.76.

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.