Insight Wealth Strategies LLC Has $2.34 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Insight Wealth Strategies LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,611 shares of the business services provider’s stock after buying an additional 362 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Waste Management were worth $2,343,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WM. Trium Capital LLP increased its holdings in Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after buying an additional 5,367 shares in the last quarter. Principal Financial Group Inc. raised its position in Waste Management by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after buying an additional 28,266 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Waste Management by 417.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Waste Management by 32.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock worth $374,062,000 after acquiring an additional 437,613 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WM shares. Scotiabank started coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their target price on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, BMO Capital Markets boosted their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Ten investment 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 MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Stock Performance

NYSE:WM traded down $0.29 during mid-day trading on Monday, hitting $201.36. 764,191 shares of the stock were exchanged, compared to its average volume of 1,226,262. 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 firm’s 50-day simple moving average is $215.72 and its 200 day simple moving average is $211.54. Waste Management, Inc. has a fifty-two week low of $176.68 and a fifty-two week high of $230.39. The stock has a market capitalization of $80.82 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. 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 business posted $1.63 earnings per share. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.49%. Waste Management’s payout ratio is 45.87%.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.