Hyman Charles D Has $652,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Hyman Charles D increased its position in Waste Management, Inc. (NYSE:WM) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,641 shares of the business services provider’s stock after purchasing an additional 185 shares during the quarter. Hyman Charles D’s holdings in Waste Management were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. Brown Advisory Inc. boosted its holdings in shares of Waste Management by 1.0% in the 3rd quarter. Brown Advisory Inc. now owns 62,450 shares of the business services provider’s stock valued at $9,520,000 after buying an additional 632 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Waste Management by 4.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,004 shares of the business services provider’s stock worth $458,000 after buying an additional 117 shares during the period. Mackenzie Financial Corp increased its position in Waste Management by 4.3% during the 3rd quarter. Mackenzie Financial Corp now owns 128,799 shares of the business services provider’s stock worth $19,650,000 after buying an additional 5,255 shares during the period. Brighton Jones LLC increased its position in shares of Waste Management by 4.4% in the third quarter. Brighton Jones LLC now owns 5,495 shares of the business services provider’s stock worth $838,000 after purchasing an additional 231 shares during the period. Finally, Baystate Wealth Management LLC increased its position in shares of Waste Management by 118.5% in the third quarter. Baystate Wealth Management LLC now owns 1,597 shares of the business services provider’s stock worth $244,000 after purchasing an additional 866 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Waste Management news, EVP John J. Morris sold 8,889 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the sale, the executive vice president now owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Waste Management news, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the sale, the executive vice president now owns 95,461 shares in the company, valued at approximately $19,804,339.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald J. Smith sold 329 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the sale, the vice president now owns 5,522 shares of the company’s stock, valued at $1,096,448.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock valued at $3,696,520. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

WM has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Citigroup lifted their target price on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Oppenheimer boosted their price objective on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, April 26th. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. Finally, Robert W. Baird lifted their target price on Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Waste Management Price Performance

WM traded down $0.06 during trading on Tuesday, hitting $210.50. The company’s stock had a trading volume of 1,282,859 shares, compared to its average volume of 1,677,830. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The business’s fifty day simple moving average is $209.04 and its 200 day simple moving average is $189.80. The firm has a market capitalization of $84.43 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.71 and a beta of 0.72.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 7.26 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This is a boost 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 1.43%. Waste Management’s dividend payout ratio is 49.10%.

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.