Mission Wealth Management LP Has $1.84 Million Stake in Waste Management, Inc. (NYSE:WM)

Mission Wealth Management LP lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 811.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,102 shares of the business services provider’s stock after acquiring an additional 8,103 shares during the period. Mission Wealth Management LP’s holdings in Waste Management were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WM. Geode Capital Management LLC boosted its position in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after purchasing an additional 168,818 shares in the last quarter. Parnassus Investments LLC raised its stake in Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares during the period. Nordea Investment Management AB boosted its holdings in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after acquiring an additional 280,455 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Waste Management by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,961,563 shares of the business services provider’s stock valued at $597,614,000 after acquiring an additional 157,082 shares during the period. Finally, Barclays PLC increased its holdings in shares of Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after acquiring an additional 276,287 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. CIBC increased their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Citigroup boosted their target price 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. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Finally, Raymond James boosted their price objective on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $235.94.

Waste Management Stock Up 0.3 %

Shares of NYSE:WM opened at $233.53 on Tuesday. The company has a market capitalization of $93.91 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year 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. The business has a fifty day moving average price of $216.31 and a two-hundred day moving average price of $214.21.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is currently 48.53%.

Insider Activity

In other Waste Management news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now owns 6,129 shares in the company, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,192 shares of company stock worth $15,025,861. 0.18% of the stock is owned by corporate insiders.

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.