Financial Network Wealth Management LLC Has $913,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Financial Network Wealth Management LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,529 shares of the business services provider’s stock after selling 61 shares during the period. Financial Network Wealth Management LLC’s holdings in Waste Management were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Activest Wealth Management grew its stake in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. purchased a new position in Waste Management in the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in Waste Management in the fourth quarter valued at about $33,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management during the 4th quarter worth about $35,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

In other news, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,577 shares of company stock valued at $21,662,464. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James upped their price target on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Oppenheimer upped their price target on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Citigroup upped their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, CIBC upped their price target on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.65.

Waste Management Trading Down 0.2 %

Waste Management stock opened at $226.83 on Friday. The business has a 50 day moving average price of $222.33 and a two-hundred day moving average price of $215.73. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The stock has a market cap of $91.21 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 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 37.93%. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s dividend payout ratio is presently 48.53%.

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.