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

CreativeOne Wealth LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 99.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,226 shares of the business services provider’s stock after buying an additional 1,612 shares during the quarter. CreativeOne Wealth LLC’s holdings in Waste Management were worth $651,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after buying an additional 2,127 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after buying an additional 280,455 shares in the last quarter. Principal Financial Group Inc. boosted its position in Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after acquiring an additional 28,266 shares during the last quarter. Blue Trust Inc. raised its holdings in Waste Management by 32.3% in the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock valued at $1,529,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of Waste Management by 6.4% during 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 during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

In other Waste Management news, CAO John A. Carroll sold 1,251 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $225.92, for a total transaction of $282,625.92. Following the transaction, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at approximately $1,902,246.40. This trade represents a 12.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John J. Morris sold 19,153 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the sale, the executive vice president now owns 85,257 shares of the company’s stock, valued at $19,158,100.47. This trade represents a 18.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,577 shares of company stock worth $21,662,464. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.6 %

Waste Management stock opened at $230.84 on Friday. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $239.32. The stock has a market cap of $92.87 billion, a PE ratio of 33.95, a P/E/G ratio of 2.71 and a beta of 0.66. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The stock’s fifty day moving average is $227.89 and its two-hundred day moving average is $218.96.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.825 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is presently 48.53%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WM shares. CIBC boosted their price objective on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Oppenheimer raised their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Raymond James raised their price target on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Finally, Citigroup lifted their target price on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Nine 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $237.76.

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.