Apella Capital LLC increased its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,826 shares of the business services provider’s stock after acquiring an additional 136 shares during the quarter. Apella Capital LLC’s holdings in Waste Management were worth $570,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management grew its holdings in 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 acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in Waste Management during the fourth quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL bought a new position in Waste Management during the 2nd quarter worth approximately $36,000. Finally, Fairscale Capital LLC acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Waste Management Price Performance
NYSE WM opened at $208.16 on Thursday. The firm has a market capitalization of $83.55 billion, a PE ratio of 31.83, a P/E/G ratio of 2.10 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 12 month low of $180.17 and a 12 month high of $230.39. The company’s 50 day simple moving average is $214.44 and its 200 day simple moving average is $211.25.
Waste Management Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued 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 1.44%. Waste Management’s payout ratio is currently 45.87%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on WM. Argus raised their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer raised their price target on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. William Blair started coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.72.
Get Our Latest Stock Analysis on WM
Insider Activity at Waste Management
In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.
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