CFO4Life Group LLC Has $5.60 Million Stake in Waste Management, Inc. (NYSE:WM)

CFO4Life Group LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,752 shares of the business services provider’s stock after selling 158 shares during the period. Waste Management comprises about 1.0% of CFO4Life Group LLC’s investment portfolio, making the stock its 21st biggest holding. CFO4Life Group LLC’s holdings in Waste Management were worth $5,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management boosted its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its stake in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new stake in shares of Waste Management during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at $33,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.6 %

Shares of WM opened at $222.91 on Thursday. The company has a 50-day simple moving average of $219.61 and a 200-day simple moving average of $215.09. The firm has a market capitalization of $89.63 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.71 and a beta of 0.75. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $235.81.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 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 37.93%. On average, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is currently 48.53%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WM. Morgan Stanley lifted their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. CIBC raised their price target on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Raymond James raised their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Finally, Jefferies Financial Group cut their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.65.

Insider Activity

In related news, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the sale, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John J. Morris sold 19,153 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the completion of the sale, the executive vice president now directly owns 85,257 shares in the company, valued at approximately $19,158,100.47. The trade was a 18.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,577 shares of company stock valued at $21,662,464. 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.