FCA Corp TX Has $1.26 Million Holdings in Waste Management, Inc. (NYSE:WM)

FCA Corp TX grew its stake in Waste Management, Inc. (NYSE:WM) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,231 shares of the business services provider’s stock after buying an additional 87 shares during the quarter. FCA Corp TX’s holdings in Waste Management were worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Waste Management by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider’s stock valued at $7,526,823,000 after buying an additional 538,567 shares during the period. Stevens Capital Management LP bought a new stake in shares of Waste Management in the fourth quarter worth $214,000. Fox Run Management L.L.C. bought a new stake in shares of Waste Management in the fourth quarter worth $782,000. KLP Kapitalforvaltning AS bought a new stake in shares of Waste Management in the fourth quarter worth $38,371,000. Finally, Knights of Columbus Asset Advisors LLC lifted its position in shares of Waste Management by 2.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 55,171 shares of the business services provider’s stock worth $11,133,000 after purchasing an additional 1,077 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WM. Raymond James boosted their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Citigroup boosted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group cut their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. CIBC upped their price target on shares of Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.65.

Waste Management Price Performance

Shares of WM opened at $224.76 on Friday. The firm has a market capitalization of $90.38 billion, a PE ratio of 33.05, a PEG ratio of 2.71 and a beta of 0.75. The company’s 50-day moving average is $222.69 and its 200-day moving average is $215.86. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $235.81. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last released its quarterly earnings results 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 net margin of 12.45% and a return on equity of 37.93%. Equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. Waste Management’s dividend payout ratio is 48.53%.

Insider Activity at Waste Management

In other Waste Management news, SVP Johnson Varkey sold 560 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now directly owns 9,152 shares in the company, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John J. Morris sold 19,153 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the sale, the executive vice president now owns 85,257 shares in the company, valued at $19,158,100.47. The trade was a 18.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,577 shares of company stock worth $21,662,464. Corporate insiders own 0.18% of the company’s stock.

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.