Mather Group LLC. Has $211,000 Holdings in Waste Management, Inc. (NYSE:WM)

Mather Group LLC. lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,046 shares of the business services provider’s stock after buying an additional 94 shares during the quarter. Mather Group LLC.’s holdings in Waste Management were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

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

Waste Management Price Performance

WM opened at $224.77 on Friday. The firm has a 50-day moving average price of $211.98 and a 200-day moving average price of $211.34. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39. 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 market capitalization of $90.22 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts expect that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 yield of 1.33%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is presently 44.12%.

Insider Activity

In other Waste Management news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the transaction, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at $10,046,109.78. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,055 shares of company stock worth $2,674,780 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WM. Scotiabank lifted their price target on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped 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 note on Wednesday, October 30th. Finally, CIBC raised their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.50.

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.