Marietta Wealth Management LLC Has $2.42 Million Position in Waste Management, Inc. (NYSE:WM)

Marietta Wealth Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,529 shares of the business services provider’s stock after acquiring an additional 1,224 shares during the quarter. Marietta Wealth Management LLC’s holdings in Waste Management were worth $2,421,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. RWM Asset Management LLC acquired a new position in Waste Management during the fourth quarter worth $29,000. Hoover Financial Advisors Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at $30,000. Slow Capital Inc. acquired a new stake in shares of Waste Management in the third quarter valued at $33,000. Holloway Wealth Management LLC acquired a new stake in shares of Waste Management in the third quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.42% of the company’s stock.

In other news, SVP Nikolaj H. Sjoqvist sold 1,391 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $111.51, for a total transaction of $155,110.41. Following the sale, the senior vice president now owns 39,769 shares of the company’s stock, valued at $4,434,641.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael J. Watson sold 432 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $111.29, for a total value of $48,077.28. Following the sale, the vice president now directly owns 18,748 shares in the company, valued at approximately $2,086,464.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,260 shares of company stock worth $4,317,309. Company insiders own 0.16% of the company’s stock.

A number of brokerages have recently weighed in on WM. Morgan Stanley raised their target price on Waste Management from $121.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 6th. Bank of America lowered Waste Management from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft raised their target price on Waste Management from $111.00 to $119.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Robert W. Baird cut Waste Management from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $128.00 to $122.00 in a report on Tuesday, February 16th. Finally, CIBC raised their price target on Waste Management from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $117.57.

WM traded down $0.36 during midday trading on Tuesday, reaching $110.20. 14,721 shares of the company were exchanged, compared to its average volume of 1,849,313. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.86 and a current ratio of 0.88. Waste Management, Inc. has a one year low of $85.34 and a one year high of $125.76. The stock has a market capitalization of $46.57 billion, a P/E ratio of 29.25, a PEG ratio of 4.70 and a beta of 0.72. The stock’s 50-day simple moving average is $114.21 and its 200 day simple moving average is $115.01.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, February 18th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. On average, research analysts anticipate that Waste Management, Inc. will post 3.84 earnings per share for the current year.

Waste Management announced that its board has approved a share buyback program on Monday, December 14th that allows the company to buyback $1.35 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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