Leo Wealth LLC Acquires Shares of 2,114 Waste Management, Inc. (NYSE:WM)

Leo Wealth LLC bought a new position in Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,114 shares of the business services provider’s stock, valued at approximately $427,000.

Several other institutional investors have also recently added to or reduced their stakes in WM. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. bought a new position in Waste Management in the 4th quarter valued at $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management in the fourth quarter worth $35,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Waste Management by 65.7% during 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 during the last quarter. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WM shares. Argus upped their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets boosted their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the transaction, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 0.0 %

WM opened at $224.94 on Friday. The firm’s fifty day moving average is $211.90 and its two-hundred day moving average is $211.43. The firm has a market cap of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39. 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 (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities research analysts anticipate that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Announces Dividend

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