Trinity Legacy Partners LLC Has $6.18 Million Stake in Waste Management, Inc. (NYSE:WM)

Trinity Legacy Partners LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,929 shares of the business services provider’s stock after purchasing an additional 1,061 shares during the quarter. Waste Management makes up approximately 1.4% of Trinity Legacy Partners LLC’s portfolio, making the stock its 21st largest position. Trinity Legacy Partners LLC’s holdings in Waste Management were worth $6,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new stake in shares of Waste Management during the 1st quarter worth about $418,000. Duality Advisers LP bought a new position in Waste Management during the first quarter valued at approximately $1,116,000. Envestnet Portfolio Solutions Inc. lifted its stake in Waste Management by 11.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 52,464 shares of the business services provider’s stock valued at $11,183,000 after acquiring an additional 5,457 shares during the last quarter. Empowered Funds LLC grew its position in Waste Management by 35.3% in the first quarter. Empowered Funds LLC now owns 6,859 shares of the business services provider’s stock worth $1,462,000 after acquiring an additional 1,789 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Waste Management by 208.4% during the 1st quarter. SG Americas Securities LLC now owns 55,934 shares of the business services provider’s stock valued at $11,922,000 after purchasing an additional 37,800 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Up 0.9 %

Shares of WM stock opened at $220.44 on Friday. Waste Management, Inc. has a one year low of $168.73 and a one year high of $225.00. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a fifty day moving average price of $209.76 and a 200 day moving average price of $209.06. The stock has a market cap of $88.48 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. Analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.36%. Waste Management’s payout ratio is presently 45.87%.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the 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 completion of the transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of analyst reports. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Robert W. Baird decreased their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Scotiabank assumed coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target on the stock. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $226.11.

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.