Insight Wealth Strategies LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Insight Wealth Strategies LLC lifted its stake in Waste Management, Inc. (NYSE:WMFree Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,243 shares of the business services provider’s stock after buying an additional 381 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Waste Management were worth $2,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its stake in 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 valued at $4,407,000 after purchasing an additional 2,272 shares in the last quarter. Jefferies Financial Group Inc. increased its position in Waste Management by 51.0% during the second quarter. Jefferies Financial Group Inc. now owns 43,400 shares of the business services provider’s stock valued at $7,526,000 after acquiring an additional 14,664 shares during the last quarter. Ingalls & Snyder LLC increased its position in Waste Management by 1.0% during the third quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock valued at $3,455,000 after acquiring an additional 231 shares during the last quarter. MWA Asset Management bought a new position in Waste Management during the third quarter valued at $670,000. Finally, Herold Advisors Inc. increased its position in Waste Management by 189.3% during the third quarter. Herold Advisors Inc. now owns 7,946 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 5,199 shares during the last quarter. Hedge funds and other institutional investors own 78.34% of the company’s stock.

Insider Buying and Selling

In other news, Director John C. Pope sold 185 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total transaction of $33,485.00. Following the sale, the director now owns 56,461 shares of the company’s stock, valued at approximately $10,219,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John C. Pope sold 185 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total transaction of $33,485.00. Following the sale, the director now owns 56,461 shares of the company’s stock, valued at approximately $10,219,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 9,550 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $182.00, for a total transaction of $1,738,100.00. Following the sale, the chief executive officer now directly owns 152,838 shares in the company, valued at approximately $27,816,516. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,242 shares of company stock worth $5,929,355. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

WM has been the topic of a number of analyst reports. HSBC cut 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. Stifel Nicolaus upped their price target on shares of Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on shares of Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Finally, Erste Group Bank upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $201.47.

Check Out Our Latest Research Report on WM

Waste Management Stock Performance

Shares of Waste Management stock traded up $0.57 during midday trading on Thursday, hitting $212.43. The company had a trading volume of 1,823,934 shares, compared to its average volume of 1,669,330. The stock has a market cap of $85.31 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 3.22 and a beta of 0.72. 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 has a fifty day simple moving average of $196.91 and a 200 day simple moving average of $177.17. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $213.00.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.53 by $0.21. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same period last year, the firm posted $1.30 EPS. As a group, analysts predict that Waste Management, Inc. will post 6.88 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio is 53.00%.

Waste Management Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.