1,563 Shares in Waste Management, Inc. (NYSE:WM) Bought by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,563 shares of the business services provider’s stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Waste Management during the 4th quarter worth approximately $1,009,726,000. Blair William & Co. IL raised its position in Waste Management by 69.8% during the fourth quarter. Blair William & Co. IL now owns 103,824 shares of the business services provider’s stock worth $20,951,000 after acquiring an additional 42,684 shares in the last quarter. Providence Wealth Advisors LLC lifted its stake in Waste Management by 0.3% in the fourth quarter. Providence Wealth Advisors LLC now owns 18,476 shares of the business services provider’s stock valued at $3,720,000 after acquiring an additional 49 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $344,000. Finally, NEOS Investment Management LLC raised its holdings in shares of Waste Management by 30.9% in the 4th quarter. NEOS Investment Management LLC now owns 21,060 shares of the business services provider’s stock valued at $4,250,000 after purchasing an additional 4,976 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling 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 value of $282,625.92. Following the completion of the sale, the chief accounting officer now directly owns 8,420 shares in the company, valued at approximately $1,902,246.40. This trade represents a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the sale, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,577 shares of company stock worth $21,662,464. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.1 %

WM stock opened at $229.16 on Friday. The stock has a market capitalization of $92.15 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The firm has a 50-day moving average price of $224.25 and a 200-day moving average price of $216.37. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81.

Waste Management (NYSE:WM) last issued 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%. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.825 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. Waste Management’s payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WM. Citigroup raised their price target on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. CIBC upped their price target on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley upped their price objective on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.65.

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.