168 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Hurley Capital LLC

Hurley Capital LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 168 shares of the business services provider’s stock, valued at approximately $34,000.

A number of other institutional investors also recently made changes to their positions in the stock. Checchi Capital Advisers LLC grew its stake in Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after acquiring an additional 45 shares during the period. Catalyst Financial Partners LLC grew its position in shares of Waste Management by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 48 shares during the period. Maia Wealth LLC increased its stake in Waste Management by 4.1% in the fourth quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 48 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Waste Management by 1.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider’s stock worth $624,000 after buying an additional 49 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Waste Management by 0.6% in the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider’s stock valued at $1,717,000 after buying an additional 49 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WM shares. Morgan Stanley raised their target price on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. CIBC boosted their price objective on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Citigroup lifted their target price on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus upped their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Raymond James lifted their price objective on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.65.

Insider Transactions at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,577 shares of company stock valued at $21,662,464. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 4.9 %

Shares of WM opened at $225.34 on Friday. Waste Management, Inc. has a one year low of $196.59 and a one year high of $239.32. The stock has a 50-day moving average price of $226.71 and a 200 day moving average price of $217.45. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The company has a market capitalization of $90.66 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.71 and a beta of 0.66.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 48.53%.

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.