Hantz Financial Services Inc. Raises Stock Position in Waste Management, Inc. $WM

Hantz Financial Services Inc. raised its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 26.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,011 shares of the business services provider’s stock after acquiring an additional 7,622 shares during the quarter. Hantz Financial Services Inc.’s holdings in Waste Management were worth $7,952,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Waste Management by 16.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,001,706 shares of the business services provider’s stock valued at $221,207,000 after purchasing an additional 144,860 shares during the period. Peregrine Asset Advisers Inc. grew its holdings in Waste Management by 372.5% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 5,046 shares of the business services provider’s stock valued at $1,114,000 after buying an additional 3,978 shares in the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Waste Management by 10.1% in the third quarter. Telos Capital Management Inc. now owns 17,007 shares of the business services provider’s stock worth $3,756,000 after buying an additional 1,558 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Waste Management by 9.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 14,849 shares of the business services provider’s stock worth $3,279,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Alta Capital Management LLC grew its stake in Waste Management by 226.0% during the third quarter. Alta Capital Management LLC now owns 130,070 shares of the business services provider’s stock valued at $28,724,000 after acquiring an additional 90,170 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WM. TD Cowen boosted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Scotiabank reiterated a “sector perform” rating and issued a $250.00 target price (down from $254.00) on shares of Waste Management in a research report on Wednesday, January 21st. Oppenheimer raised their price target on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Barclays decreased their price objective on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and raised their target price for the company from $225.00 to $260.00 in a report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Check Out Our Latest Analysis on WM

Insiders Place Their Bets

In related news, CFO David L. Reed sold 270 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $218.62, for a total transaction of $59,027.40. Following the completion of the sale, the chief financial officer directly owned 8,843 shares of the company’s stock, valued at approximately $1,933,256.66. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John J. Morris sold 690 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $219.49, for a total value of $151,448.10. Following the completion of the transaction, the chief operating officer directly owned 106,635 shares in the company, valued at $23,405,316.15. This trade represents a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,806 shares of company stock valued at $1,490,204 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

Waste Management Stock Performance

NYSE WM opened at $226.44 on Thursday. The business’s 50 day moving average price is $219.83 and its 200-day moving average price is $219.19. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company has a market cap of $91.23 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.38 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is 49.25%.

Waste Management Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.