Fiduciary Wealth Partners LLC Buys 2,631 Shares of Waste Management, Inc. $WM

Fiduciary Wealth Partners LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 5,719.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,677 shares of the business services provider’s stock after acquiring an additional 2,631 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in Waste Management were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in Waste Management by 7.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 4,319 shares of the business services provider’s stock valued at $954,000 after buying an additional 292 shares during the last quarter. Jackson Hole Capital Partners LLC purchased a new position in shares of Waste Management in the third quarter valued at about $201,000. Global Trust Asset Management LLC boosted its holdings in shares of Waste Management by 301.6% during the third quarter. Global Trust Asset Management LLC now owns 514 shares of the business services provider’s stock worth $114,000 after purchasing an additional 386 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Waste Management by 7.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 16,935 shares of the business services provider’s stock worth $3,740,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Littlejohn Financial Services Inc. increased its holdings in Waste Management by 9.4% during the 3rd quarter. Littlejohn Financial Services Inc. now owns 11,903 shares of the business services provider’s stock valued at $2,629,000 after purchasing an additional 1,020 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WM. National Bankshares cut their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. DZ Bank began coverage on shares of Waste Management in a report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price objective for the company. Morgan Stanley cut their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Baird R W raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, CIBC cut their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.77.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Price Performance

Shares of WM opened at $219.74 on Friday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The firm’s 50-day simple moving average is $215.35 and its two-hundred day simple moving average is $219.31. The stock has a market cap of $88.53 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.59. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.During the same period in the prior year, the firm earned $1.96 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is currently 51.97%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.