Richardson Financial Services Inc. Has $35,000 Stake in Waste Management, Inc. (NYSE:WM)

Richardson Financial Services Inc. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 65.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174 shares of the business services provider’s stock after purchasing an additional 69 shares during the period. Richardson Financial Services Inc.’s holdings in Waste Management were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Geode Capital Management LLC increased its holdings in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after acquiring an additional 168,818 shares during the last quarter. Parnassus Investments LLC raised its position in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after purchasing an additional 520,096 shares during the period. Nordea Investment Management AB lifted its stake in shares of Waste Management by 7.1% during the 4th 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 during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after buying an additional 2,588,842 shares during the period. Finally, Barclays PLC grew its stake in Waste Management by 12.8% in the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after buying an additional 276,287 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James upped their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank raised Waste Management from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $225.00 to $250.00 in a report on Monday, January 27th. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer boosted their price target on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. 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 company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $232.61.

Waste Management Stock Down 1.0 %

Shares of NYSE:WM opened at $220.10 on Monday. The firm has a market cap of $88.34 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.20 and a beta of 0.77. Waste Management, Inc. has a 12-month low of $184.72 and a 12-month high of $230.39. The business has a fifty day simple moving average of $212.19 and a 200 day simple moving average of $211.32. 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 (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Analysts predict that Waste Management, Inc. will post 7.99 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 44.12%.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated 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 transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents 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 company insiders.

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.