RWA Wealth Partners LLC Purchases 2,388 Shares of Waste Management, Inc. (NYSE:WM)

RWA Wealth Partners LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 111.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,527 shares of the business services provider’s stock after acquiring an additional 2,388 shares during the period. RWA Wealth Partners LLC’s holdings in Waste Management were worth $811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilfoyle & Co LLC bought a new stake in shares of Waste Management during the fourth quarter valued at about $30,000. Millburn Ridgefield Corp bought a new stake in shares of Waste Management during the third quarter valued at about $35,000. Spirit of America Management Corp NY increased its position in shares of Waste Management by 66.7% during the third quarter. Spirit of America Management Corp NY now owns 250 shares of the business services provider’s stock valued at $38,000 after buying an additional 100 shares during the period. Rational Advisors LLC bought a new stake in shares of Waste Management during the third quarter valued at about $41,000. Finally, Janiczek Wealth Management LLC increased its position in shares of Waste Management by 127.3% during the fourth quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after buying an additional 168 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John J. Morris sold 8,889 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the sale, the executive vice president now owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Charles C. Boettcher sold 3,275 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the completion of the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at $7,262,034.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Morris sold 8,889 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $19,804,339.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,007 shares of company stock valued at $3,696,520. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WM shares. Stifel Nicolaus upped their price objective on shares of Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $190.00 to $205.00 in a research report on Wednesday, February 14th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Oppenheimer upped their price objective on shares of Waste Management from $188.00 to $212.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, Citigroup upped their price objective on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

Waste Management Stock Up 0.8 %

Shares of NYSE WM opened at $210.43 on Thursday. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $208.10 and its two-hundred day simple moving average is $186.32. The stock has a market capitalization of $84.45 billion, a P/E ratio of 37.18, a PEG ratio of 3.17 and a beta of 0.72.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same quarter in the prior year, the firm posted $1.30 earnings per share. As a group, analysts expect that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio is 53.00%.

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.