Waste Management, Inc. (NYSE:WM) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC grew its position in Waste Management, Inc. (NYSE:WM) by 194.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,835 shares of the business services provider’s stock after acquiring an additional 8,470 shares during the period. NewEdge Wealth LLC’s holdings in Waste Management were worth $2,299,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WM. Integrated Wealth Concepts LLC increased its stake in shares of Waste Management by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after purchasing an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in shares of Waste Management by 5.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after purchasing an additional 332 shares in the last quarter. Ingalls & Snyder LLC increased its stake in shares of Waste Management by 1.0% during the third quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock worth $3,455,000 after purchasing an additional 231 shares in the last quarter. Pacer Advisors Inc. grew its stake in Waste Management by 93.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after acquiring an additional 22,455 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Waste Management by 13,927.7% during the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after acquiring an additional 500,701 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director John C. Pope sold 185 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total value of $33,485.00. Following the sale, the director now directly owns 56,461 shares of the company’s stock, valued at approximately $10,219,441. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Pope sold 185 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $181.00, for a total transaction of $33,485.00. Following the transaction, the director now directly owns 56,461 shares in the company, valued at $10,219,441. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,242 shares of company stock valued at $5,929,355. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Waste Management stock opened at $205.37 on Monday. The firm has a market cap of $82.41 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 3.12 and a beta of 0.72. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 2.30. The company’s 50 day moving average is $205.65 and its two-hundred day moving average is $183.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm posted $1.30 EPS. On average, research analysts expect that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management’s dividend payout ratio is currently 53.00%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Erste Group Bank raised shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Stifel Nicolaus upped their price objective on shares of Waste Management from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Citigroup increased their price target on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.85.

Waste Management 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.