Waste Management, Inc. (NYSE:WM) Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,115 shares of the business services provider’s stock after buying an additional 126 shares during the period. Mayflower Financial Advisors LLC’s holdings in Waste Management were worth $1,032,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates raised its position in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at about $29,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.0 %

Shares of WM stock opened at $213.62 on Wednesday. Waste Management, Inc. has a fifty-two week low of $184.72 and a fifty-two week high of $230.39. The firm’s 50 day moving average price is $212.54 and its two-hundred day moving average price is $211.30. The stock has a market cap of $85.74 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last announced its quarterly earnings results 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 firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Analyst Ratings Changes

A number of brokerages have commented on WM. William Blair assumed coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Morgan Stanley boosted their target price on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. CIBC raised their price target on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets upped their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $231.39.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

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.