GeoWealth Management LLC Has $931,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

GeoWealth Management LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,616 shares of the business services provider’s stock after selling 468 shares during the period. GeoWealth Management LLC’s holdings in Waste Management were worth $931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after purchasing an additional 276,287 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in Waste Management by 0.7% during the third quarter. McIlrath & Eck LLC now owns 12,706 shares of the business services provider’s stock worth $2,638,000 after acquiring an additional 84 shares during the period. Aldebaran Financial Inc. grew its stake in Waste Management by 4.6% in the 3rd quarter. Aldebaran Financial Inc. now owns 11,210 shares of the business services provider’s stock valued at $2,327,000 after purchasing an additional 489 shares during the period. World Investment Advisors LLC boosted its holdings in shares of Waste Management by 245.6% in the 3rd quarter. World Investment Advisors LLC now owns 9,413 shares of the business services provider’s stock worth $1,954,000 after buying an additional 6,689 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in Waste Management during the third quarter worth about $562,000. 80.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WM shares. Scotiabank upped their price objective on Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. UBS Group boosted their price objective on Waste Management from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Jefferies Financial Group dropped their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Oppenheimer lifted their target price on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Nine 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $237.76.

Insider Buying and Selling at Waste Management

In other news, EVP John J. Morris sold 19,153 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the sale, the executive vice president now directly owns 85,257 shares of the company’s stock, valued at approximately $19,158,100.47. This trade represents a 18.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 124 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $234.96, for a total transaction of $29,135.04. Following the completion of the transaction, the senior vice president now directly owns 8,491 shares of the company’s stock, valued at approximately $1,995,045.36. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,577 shares of company stock valued at $21,662,464 in the last 90 days. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.6 %

WM opened at $230.84 on Friday. The company has a market cap of $92.87 billion, a P/E ratio of 33.95, a P/E/G 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 business’s 50-day moving average price is $227.89 and its 200-day moving average price is $219.04. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

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 37.93% and a net margin of 12.45%. On average, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. 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. Waste Management’s payout ratio is currently 48.53%.

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.