Glenview Trust co Increases Stake in Waste Management, Inc. (NYSE:WM)

Glenview Trust co raised its position in Waste Management, Inc. (NYSE:WM) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,148 shares of the business services provider’s stock after purchasing an additional 85 shares during the period. Glenview Trust co’s holdings in Waste Management were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aberdeen Wealth Management LLC lifted its holdings in Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 45 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 48 shares in the last quarter. Maia Wealth LLC raised its holdings in shares of Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock worth $259,000 after acquiring an additional 48 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Waste Management by 1.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider’s stock worth $624,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WM. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Raymond James lifted their price target on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Citigroup lifted their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group reduced their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, CIBC lifted their price target on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.65.

Insider Activity

In related news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is currently owned by company insiders.

Waste Management Stock Performance

NYSE WM opened at $228.02 on Tuesday. The company has a market cap of $91.69 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.71 and a beta of 0.75. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The stock has a 50-day moving average of $221.05 and a two-hundred day moving average of $215.47. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $235.81.

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

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is presently 48.53%.

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.