Waste Management, Inc. (NYSE:WM) Shares Bought by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,293 shares of the business services provider’s stock after acquiring an additional 2,597 shares during the period. HHM Wealth Advisors LLC’s holdings in Waste Management were worth $1,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management lifted its holdings 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 worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new position in Waste Management during the fourth quarter worth approximately $29,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $35,000. Finally, Richardson Financial Services Inc. grew its stake in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Down 1.0 %

WM opened at $220.10 on Monday. Waste Management, Inc. has a 1-year low of $184.72 and a 1-year high of $230.39. The stock has a market capitalization of $88.34 billion, a PE ratio of 32.37, a PEG ratio of 2.57 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $212.19 and a two-hundred day moving average price of $211.32.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared 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 1.36%. Waste Management’s dividend payout ratio is 44.12%.

Wall Street Analysts Forecast Growth

WM has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC increased their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Raymond James lifted their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $232.61.

About Waste Management

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.