Mosaic Family Wealth Partners LLC Purchases 100 Shares of Waste Management, Inc. (NYSE:WM)

Mosaic Family Wealth Partners LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,288 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Waste Management were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Parnassus Investments LLC lifted its position in shares of Waste Management by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock worth $859,624,000 after purchasing an additional 16,213 shares in the last quarter. Norges Bank acquired a new position in shares of Waste Management during the fourth quarter worth approximately $784,486,000. Capital World Investors lifted its holdings in Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after buying an additional 1,303,466 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Waste Management by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,997,367 shares of the business services provider’s stock valued at $357,729,000 after buying an additional 38,828 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Waste Management by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,931,135 shares of the business services provider’s stock valued at $345,851,000 after buying an additional 17,254 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Stifel Nicolaus increased their price objective on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James increased their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird cut their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $215.83.

Waste Management Stock Up 0.8 %

Shares of WM stock traded up $1.69 during trading hours on Friday, hitting $207.76. 1,793,144 shares of the company were exchanged, compared to its average volume of 1,617,543. The business has a 50 day moving average of $208.97 and a two-hundred day moving average of $205.67. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $225.00. The company has a market capitalization of $83.38 billion, a PE ratio of 34.00, a PEG ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Analysts anticipate that Waste Management, Inc. will post 7.25 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Insider Activity at Waste Management

In related news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael J. Watson sold 4,208 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.