Insight Wealth Strategies LLC Acquires 362 Shares of Waste Management, Inc. (NYSE:WM)

Insight Wealth Strategies LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,611 shares of the business services provider’s stock after buying an additional 362 shares during the period. Insight Wealth Strategies LLC’s holdings in Waste Management were worth $2,343,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WM. Iowa State Bank grew its holdings in shares of Waste Management by 2.7% during the 4th quarter. Iowa State Bank now owns 8,675 shares of the business services provider’s stock worth $1,751,000 after purchasing an additional 228 shares in the last quarter. CWA Asset Management Group LLC lifted its position in Waste Management by 2.6% in the fourth quarter. CWA Asset Management Group LLC now owns 4,663 shares of the business services provider’s stock worth $941,000 after purchasing an additional 117 shares during the period. Nordea Investment Management AB increased its holdings in Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after buying an additional 280,455 shares during the period. General Partner Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at $29,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Waste Management by 9.0% during the 4th quarter. GAMMA Investing LLC now owns 7,289 shares of the business services provider’s stock worth $1,471,000 after acquiring an additional 603 shares during the period. 80.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WM shares. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. UBS Group raised their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten 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’s stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Waste Management Trading Down 0.1 %

NYSE:WM traded down $0.29 on Monday, hitting $201.36. 764,191 shares of the stock were exchanged, compared to its average volume of 1,226,262. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 52 week low of $176.68 and a 52 week high of $230.39. The stock has a market capitalization of $80.82 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 2.36 and a beta of 0.75. The company’s 50-day moving average price is $215.72 and its 200 day moving average price is $211.54.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.49%. Waste Management’s dividend payout ratio is presently 45.87%.

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.