Coldstream Capital Management Inc. boosted its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,331 shares of the business services provider’s stock after purchasing an additional 2,338 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Waste Management were worth $7,763,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WM. Elevated Capital Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its holdings in Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Waste Management in the 3rd quarter valued at approximately $30,000. Kelleher Financial Advisors bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $31,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $40,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
Waste Management Price Performance
Shares of WM opened at $218.09 on Friday. The company has a market cap of $87.58 billion, a P/E ratio of 31.56, a PEG ratio of 2.28 and a beta of 0.49. The stock has a fifty day moving average price of $227.00 and a 200 day moving average price of $223.51. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13.
Waste Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.
Insider Buying and Selling
In related news, COO John J. Morris sold 7,979 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $245.07, for a total transaction of $1,955,413.53. Following the completion of the transaction, the chief operating officer directly owned 98,656 shares in the company, valued at $24,177,625.92. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tara J. Hemmer sold 4,818 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total value of $1,165,136.94. Following the transaction, the senior vice president owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. The trade was a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,296 shares of company stock valued at $8,569,283 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Waste Management in a report on Friday, March 13th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Robert W. Baird boosted their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $255.67.
Get Our Latest Stock Report on Waste Management
Waste Management Company Profile
Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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