15,000 Shares in Waste Management, Inc. $WM Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the 3rd quarter, Holdings Channel reports. The fund acquired 15,000 shares of the business services provider’s stock, valued at approximately $3,059,000.

Several other large investors have also modified their holdings of the stock. Boston Common Asset Management LLC boosted its stake in Waste Management by 12.9% in the second quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock valued at $12,458,000 after acquiring an additional 6,391 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Waste Management by 3.1% during the first quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock worth $105,776,000 after purchasing an additional 14,003 shares in the last quarter. KBC Group NV increased its position in shares of Waste Management by 16.2% during the first quarter. KBC Group NV now owns 409,741 shares of the business services provider’s stock worth $94,155,000 after purchasing an additional 57,028 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Waste Management by 56.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 46,398 shares of the business services provider’s stock valued at $10,341,000 after purchasing an additional 16,673 shares during the last quarter. Finally, Kavar Capital Partners Group LLC lifted its holdings in shares of Waste Management by 51.1% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 14,207 shares of the business services provider’s stock valued at $3,166,000 after purchasing an additional 4,803 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.3%

NYSE WM opened at $237.28 on Wednesday. The stock has a market capitalization of $94.35 billion, a P/E ratio of 31.14, a P/E/G ratio of 3.07 and a beta of 0.38. Waste Management, Inc. has a 52-week low of $200.57 and a 52-week high of $248.13. The firm has a 50-day moving average price of $220.09 and a 200 day moving average price of $225.68. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the business earned $1.98 EPS. Waste Management’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 8.05 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.9450 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is currently 49.61%.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their target price on Waste Management from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Wolfe Research started coverage on Waste Management in a research report on Tuesday, September 15th. They set a “peer perform” rating on the stock. The Goldman Sachs Group reduced their price objective on Waste Management from $275.00 to $241.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. UBS Group increased their price objective on Waste Management from $270.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Robert W. Baird increased their price objective on Waste Management from $265.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Eighteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.04.

Insider Activity at Waste Management

In related news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer directly owned 3,509 shares in the company, valued at $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Johnson Varkey sold 500 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $242.00, for a total value of $121,000.00. Following the transaction, the senior vice president directly owned 8,713 shares in the company, valued at $2,108,546. This represents a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by company insiders.

Waste Management Company Profile

Waste Management, Inc., doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure. WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.