Geneos Wealth Management Inc. increased its stake in Waste Management, Inc. (NYSE:WM – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,876 shares of the business services provider’s stock after buying an additional 68 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Waste Management were worth $294,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. bought a new stake in Waste Management in the third quarter worth $25,000. Twin Lakes Capital Management LLC bought a new stake in Waste Management in the third quarter worth $31,000. TD Capital Management LLC bought a new stake in shares of Waste Management during the third quarter worth $33,000. Tortoise Investment Management LLC lifted its position in shares of Waste Management by 232.1% during the third quarter. Tortoise Investment Management LLC now owns 269 shares of the business services provider’s stock worth $43,000 after purchasing an additional 188 shares during the last quarter. Finally, HBC Financial Services PLLC bought a new stake in shares of Waste Management during the fourth quarter worth $47,000. 78.48% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Waste Management
In other Waste Management news, EVP John J. Morris sold 15,204 shares of Waste Management stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $155.03, for a total value of $2,357,076.12. Following the transaction, the executive vice president now owns 95,461 shares in the company, valued at $14,799,318.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John C. Pope sold 218 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $154.76, for a total transaction of $33,737.68. Following the sale, the director now owns 55,809 shares in the company, valued at $8,637,000.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John J. Morris sold 15,204 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $155.03, for a total value of $2,357,076.12. Following the sale, the executive vice president now owns 95,461 shares in the company, valued at approximately $14,799,318.83. The disclosure for this sale can be found here. Insiders have sold 30,961 shares of company stock worth $4,796,057 over the last quarter. Insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Waste Management Price Performance
WM opened at $165.30 on Friday. The business’s 50-day moving average is $155.05 and its two-hundred day moving average is $157.69. Waste Management, Inc. has a 1 year low of $138.89 and a 1 year high of $175.98. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.81 and a quick ratio of 0.77. The firm has a market capitalization of $67.24 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73.
Waste Management (NYSE:WM – Get Rating) last posted its earnings results on Wednesday, February 1st. The business services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Waste Management had a net margin of 11.36% and a return on equity of 32.91%. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the firm earned $1.26 EPS. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts anticipate that Waste Management, Inc. will post 6 earnings per share for the current fiscal year.
Waste Management Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, March 9th. This is a positive change from Waste Management’s previous quarterly dividend of $0.65. Waste Management’s payout ratio is 51.95%.
About Waste Management
Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: East Tier, West Tier, and Other. The East Tier segment consists of Eastern U.S., the Great Lakes Region, and Canada. The West Tier segment includes the upper Midwest region and British Columbia, Canada.
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