Moss Adams Wealth Advisors LLC Has $257,000 Holdings in Waste Management, Inc. (NYSE:WM)

Moss Adams Wealth Advisors LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 7.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,273 shares of the business services provider’s stock after buying an additional 83 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Waste Management were worth $257,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WM. Activest Wealth Management boosted its stake in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in shares of Waste Management by 892.9% during the fourth 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 in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at $29,000. Fairscale Capital LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at $39,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter worth $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. CIBC increased their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Scotiabank initiated coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Trading Up 0.4 %

NYSE WM opened at $211.79 on Friday. Waste Management, Inc. has a 12 month low of $181.56 and a 12 month high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a 50 day moving average of $213.80 and a 200-day moving average of $211.24. The company has a market cap of $85.01 billion, a PE ratio of 32.38, a PEG ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s dividend payout ratio is 45.87%.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

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.