MBM Wealth Consultants LLC Boosts Stock Holdings in Waste Management, Inc. (NYSE:WM)

MBM Wealth Consultants LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,576 shares of the business services provider’s stock after buying an additional 169 shares during the period. Waste Management accounts for 0.5% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 29th biggest position. MBM Wealth Consultants LLC’s holdings in Waste Management were worth $1,720,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Nordea Investment Management AB raised its stake in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after acquiring an additional 280,455 shares during the last quarter. Trium Capital LLP lifted its holdings in Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after buying an additional 3,029 shares during the period. J.W. Cole Advisors Inc. increased its stake 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 valued at $2,553,000 after buying an additional 5,367 shares during the period. Principal Financial Group Inc. boosted its holdings in Waste Management by 6.2% in the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after acquiring an additional 28,266 shares in the last quarter. Finally, Czech National Bank raised its holdings in Waste Management by 6.4% in the 4th quarter. Czech National Bank now owns 79,192 shares of the business services provider’s stock worth $15,980,000 after purchasing an additional 4,798 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.5 %

Waste Management stock opened at $212.77 on Wednesday. The business has a 50-day simple moving average of $213.57 and a two-hundred day simple moving average of $211.27. Waste Management, Inc. has a 52-week low of $182.93 and a 52-week high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market cap of $85.40 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. Analysts predict that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s payout ratio is currently 45.87%.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WM has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Argus raised their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. CIBC boosted their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. UBS Group raised their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

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.