Nikulski Financial Inc. Has $3.81 Million Position in Waste Management, Inc. $WM

Nikulski Financial Inc. grew its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,338 shares of the business services provider’s stock after purchasing an additional 3,663 shares during the period. Nikulski Financial Inc.’s holdings in Waste Management were worth $3,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WM. Old Port Advisors raised its position in Waste Management by 0.3% during the fourth quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock valued at $3,727,000 after buying an additional 46 shares during the period. Gladstone Institutional Advisory LLC boosted its position in Waste Management by 1.3% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock worth $851,000 after acquiring an additional 49 shares during the period. Clean Yield Group grew its stake in Waste Management by 6.7% during the 3rd quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 50 shares in the last quarter. Mendel Money Management grew its stake in Waste Management by 1.8% during the 3rd quarter. Mendel Money Management now owns 2,903 shares of the business services provider’s stock valued at $641,000 after acquiring an additional 50 shares in the last quarter. Finally, Canton Hathaway LLC increased its holdings in shares of Waste Management by 0.5% in the 3rd quarter. Canton Hathaway LLC now owns 9,644 shares of the business services provider’s stock valued at $2,130,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.1%

Waste Management stock opened at $229.73 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a fifty day moving average price of $232.40 and a two-hundred day moving average price of $220.97. The firm has a market cap of $92.66 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.43 and a beta of 0.57.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.945 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.78 annualized dividend and a yield of 1.6%. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s dividend payout ratio (DPR) is presently 56.42%.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

Insider Activity at Waste Management

In related news, CEO James C. Fish, Jr. sold 30,390 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the completion of the transaction, the chief executive officer directly owned 225,793 shares in the company, valued at $52,013,675.48. This represents a 11.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John J. Morris sold 7,979 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $245.07, for a total transaction of $1,955,413.53. Following the completion of the sale, the chief operating officer directly owned 98,656 shares of the company’s stock, valued at approximately $24,177,625.92. This trade represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 98,042 shares of company stock valued at $23,039,777. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on WM shares. Sanford C. Bernstein raised their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Royal Bank Of Canada upped their price objective on shares of Waste Management from $223.00 to $235.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. UBS Group upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Friday, January 9th. Finally, Citigroup dropped their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $254.59.

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About Waste Management

(Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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

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