Waste Management, Inc. (NYSE:WM) Shares Purchased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC raised its position in Waste Management, Inc. (NYSE:WM) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,302 shares of the business services provider’s stock after acquiring an additional 130 shares during the period. Cardinal Point Capital Management ULC’s holdings in Waste Management were worth $465,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Signal Advisors Wealth LLC raised its holdings in Waste Management by 5.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,449 shares of the business services provider’s stock valued at $898,000 after buying an additional 210 shares during the period. Exeter Financial LLC raised its stake in shares of Waste Management by 0.5% in the 4th quarter. Exeter Financial LLC now owns 18,323 shares of the business services provider’s stock valued at $3,697,000 after acquiring an additional 98 shares during the period. Grandview Asset Management LLC lifted its holdings in shares of Waste Management by 8.6% in the 4th quarter. Grandview Asset Management LLC now owns 14,332 shares of the business services provider’s stock worth $2,892,000 after acquiring an additional 1,139 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of Waste Management by 6.8% during the 4th quarter. Marcum Wealth LLC now owns 1,874 shares of the business services provider’s stock worth $378,000 after purchasing an additional 120 shares during the period. Finally, First Financial Corp IN increased its holdings in Waste Management by 32.7% in the 4th quarter. First Financial Corp IN now owns 1,580 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on WM shares. BMO Capital Markets raised their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus increased their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Trading Down 0.1 %

WM opened at $207.12 on Tuesday. The business’s 50-day simple moving average is $214.62 and its 200-day simple moving average is $211.29. The company has a market cap of $83.13 billion, a P/E ratio of 31.67, a PEG ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a one year low of $180.17 and a one year high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s dividend payout ratio is presently 45.87%.

Waste Management Company 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.