Waste Management, Inc. (NYSE:WM) Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,075 shares of the business services provider’s stock after selling 211 shares during the quarter. Money Concepts Capital Corp’s holdings in Waste Management were worth $3,849,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its holdings in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its position in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in shares of Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management during the fourth quarter worth about $35,000. Finally, Richardson Financial Services Inc. grew its stake in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Argus increased their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Citigroup lifted 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. Finally, Raymond James increased their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Ten research 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. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Buying and Selling

In other Waste Management news, VP Donald J. Smith sold 191 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the sale, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the sale, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,055 shares of company stock valued at $2,674,780. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Performance

WM stock opened at $222.33 on Wednesday. The company has a market capitalization of $89.23 billion, a P/E ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a 50-day simple moving average of $212.05 and a 200 day simple moving average of $211.24. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 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%. Sell-side analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s dividend payout ratio (DPR) is 44.12%.

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.