Waste Management, Inc. (NYSE:WM) Shares Purchased by Arlington Trust Co LLC

Arlington Trust Co LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,038 shares of the business services provider’s stock after buying an additional 414 shares during the period. Arlington Trust Co LLC’s holdings in Waste Management were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its stake in shares of Waste Management by 0.8% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after purchasing an additional 2,127 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares during the period. J.W. Cole Advisors Inc. increased its stake in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares during the period. Principal Financial Group Inc. raised its position in shares of Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after buying an additional 28,266 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Waste Management by 32.3% in the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock worth $1,529,000 after acquiring an additional 1,798 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Devina A. Rankin sold 5,826 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares of the company’s stock, valued at approximately $15,424,457.04. This represents a 7.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock worth $3,578,340 in the last three months. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on WM shares. Raymond James boosted their target price on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup upped their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Trading Up 0.0 %

NYSE:WM opened at $224.94 on Monday. The stock has a market cap of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock’s 50-day moving average is $211.84 and its two-hundred day moving average is $211.39.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

About Waste Management

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.