Alliance Wealth Advisors LLC UT Has $261,000 Holdings in Waste Management, Inc. (NYSE:WM)

Alliance Wealth Advisors LLC UT lifted its position in Waste Management, Inc. (NYSE:WM) by 25.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,293 shares of the business services provider’s stock after buying an additional 262 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Waste Management were worth $261,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WM. Activest Wealth Management raised its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates grew its stake in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management in the fourth quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. grew its position in Waste Management by 65.7% during the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer boosted their price target on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group increased their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Ten equities research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.50.

Insider Buying and Selling

In other news, SVP Johnson Varkey sold 560 shares of Waste Management 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 completion of the transaction, the senior vice president now directly owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the sale, the vice president now owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,055 shares of company stock valued at $2,674,780 over the last quarter. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.6 %

Shares of WM stock opened at $222.33 on Wednesday. The stock has a market cap of $89.23 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $187.20 and a 1 year high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a 50 day simple moving average of $212.16 and a 200 day simple moving average of $211.25.

Waste Management (NYSE:WM) last issued 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 return on equity of 38.88% and a net margin of 12.45%. On average, research analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is presently 44.12%.

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.