Mosaic Family Wealth Partners LLC Increases Stock Position in Waste Management, Inc. (NYSE:WM)

Mosaic Family Wealth Partners LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,288 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Waste Management were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Hexagon Capital Partners LLC raised its holdings in shares of Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares during the last quarter. Sachetta LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management in the first quarter valued at about $35,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at about $36,000. Finally, DSM Capital Partners LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at about $38,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

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

Analyst Upgrades and Downgrades

WM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price for the company. BMO Capital Markets lowered their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Stifel Nicolaus raised their price target on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird reduced their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Price Performance

NYSE WM traded up $1.69 during mid-day trading on Friday, hitting $207.76. The stock had a trading volume of 1,793,144 shares, compared to its average volume of 1,617,543. The company has a market cap of $83.38 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 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 50 day simple moving average of $208.97 and a 200 day simple moving average of $205.67.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 EPS 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 return on equity of 39.52% and a net margin of 12.13%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.25 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

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.