Waste Management, Inc. (NYSE:WM) Stock Position Increased by RDA Financial Network

RDA Financial Network boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,816 shares of the business services provider’s stock after buying an additional 1,057 shares during the quarter. RDA Financial Network’s holdings in Waste Management were worth $1,375,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Waste Management by 24.2% during the second quarter. American Century Companies Inc. now owns 67,624 shares of the business services provider’s stock valued at $14,427,000 after purchasing an additional 13,193 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Waste Management by 4.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,266 shares of the business services provider’s stock valued at $1,763,000 after buying an additional 358 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Waste Management by 9.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 55,212 shares of the business services provider’s stock valued at $11,779,000 after acquiring an additional 4,749 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Waste Management by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 60,003 shares of the business services provider’s stock worth $12,801,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Waste Management by 30.2% during the second quarter. Carolinas Wealth Consulting LLC now owns 1,082 shares of the business services provider’s stock worth $231,000 after purchasing an additional 251 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 1.4 %

NYSE:WM opened at $211.02 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market capitalization of $84.70 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a 52 week low of $180.25 and a 52 week high of $230.39. The stock’s 50 day moving average price is $214.24 and its 200 day moving average price is $211.23.

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

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors 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 dividend on an annualized basis and a yield of 1.42%. Waste Management’s payout ratio is presently 45.87%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WM. BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price for the company. Royal Bank of Canada lifted their target price 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. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Oppenheimer lifted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Company 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.