Comprehensive Financial Planning Inc. PA bought a new position in Waste Management, Inc. (NYSE:WM – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,104 shares of the business services provider’s stock, valued at approximately $626,000.
A number of other large investors have also recently modified their holdings of the business. Aberdeen Wealth Management LLC raised its stake in Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after buying an additional 46 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after acquiring an additional 49 shares in the last quarter. Balboa Wealth Partners raised its position in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares in the last quarter. Finally, CRA Financial Services LLC lifted its stake in Waste Management by 4.7% during the third quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock worth $232,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.
Insider Transactions at Waste Management
In related news, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares in the company, valued at $4,185,967.59. This represents a 17.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Devina A. Rankin sold 5,826 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,294,071.12. Following the completion of the sale, the chief financial officer now directly owns 69,442 shares in the company, valued at $15,424,457.04. This trade represents a 7.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last three months. 0.18% of the stock is currently owned by company insiders.
Waste Management Trading Up 0.0 %
Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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 anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.
Waste Management Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued 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 of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.
Analyst Upgrades and Downgrades
WM has been the topic of a number of research reports. CIBC raised their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted 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 note on Wednesday, October 30th. Raymond James increased their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price target on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer raised their price objective on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $234.50.
View Our Latest Analysis on WM
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.
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