Elevation Wealth Partners LLC Increases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Elevation Wealth Partners LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 12.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 562 shares of the business services provider’s stock after purchasing an additional 62 shares during the period. Elevation Wealth Partners LLC’s holdings in Waste Management were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aberdeen Wealth Management LLC grew its position in Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 45 shares during the period. Signature Estate & Investment Advisors LLC grew its position in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 46 shares during the period. Benchmark Financial Wealth Advisors LLC grew its position in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners lifted its stake in shares of Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after purchasing an additional 49 shares in the last quarter. Finally, CRA Financial Services LLC lifted its stake in shares of Waste Management by 4.7% during the third quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock worth $232,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the transaction, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the transaction, the senior vice president now owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,055 shares of company stock valued at $3,578,340. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer boosted their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Citigroup boosted their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Stock Up 0.0 %

WM stock opened at $224.94 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The firm’s 50-day simple moving average is $211.84 and its 200 day simple moving average is $211.39. The stock has a market cap of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its 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 38.88%. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s payout ratio is 44.12%.

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.