Integrated Wealth Concepts LLC Raises Stock Holdings in Waste Management, Inc. (NYSE:WM)

Integrated Wealth Concepts LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,505 shares of the business services provider’s stock after buying an additional 339 shares during the period. Integrated Wealth Concepts LLC’s holdings in Waste Management were worth $5,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. Burling Wealth Partners LLC bought a new position in Waste Management in the 4th quarter worth about $2,488,000. Sompo Asset Management Co. Ltd. grew its holdings in shares of Waste Management by 19.4% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 2,650 shares of the business services provider’s stock valued at $535,000 after buying an additional 430 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Waste Management by 8.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 648 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 48 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock worth $781,000 after acquiring an additional 44 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in Waste Management by 29.1% in the 4th quarter. MGO One Seven LLC now owns 12,635 shares of the business services provider’s stock valued at $2,550,000 after acquiring an additional 2,847 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO John A. Carroll sold 1,251 shares of the business’s stock in a transaction dated 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 owns 8,420 shares in the company, valued at approximately $1,902,246.40. The trade was a 12.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Morris sold 19,153 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the transaction, the executive vice president now directly owns 85,257 shares of the company’s stock, valued at approximately $19,158,100.47. The trade was a 18.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,577 shares of company stock valued at $21,662,464. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.4 %

Shares of WM stock opened at $228.28 on Friday. 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 stock has a market capitalization of $91.84 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $239.32. The stock’s 50-day moving average price is $227.95 and its 200-day moving average price is $219.67.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 48.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WM shares. Citigroup upped 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. HSBC raised shares of Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $265.00 in a report on Friday. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Raymond James raised their target price 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. Finally, CIBC increased their price target on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.28.

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.