Trinity Legacy Partners LLC Buys 1,061 Shares of Waste Management, Inc. (NYSE:WM)

Trinity Legacy Partners LLC raised its position in Waste Management, Inc. (NYSE:WM) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 28,929 shares of the business services provider’s stock after buying an additional 1,061 shares during the period. Waste Management comprises approximately 1.4% of Trinity Legacy Partners LLC’s holdings, making the stock its 21st largest holding. Trinity Legacy Partners LLC’s holdings in Waste Management were worth $6,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC bought a new stake in Waste Management during the 1st quarter worth about $418,000. Duality Advisers LP bought a new stake in shares of Waste Management during the first quarter worth approximately $1,116,000. Envestnet Portfolio Solutions Inc. boosted 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 holdings in Waste Management by 35.3% during the 1st 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 during the period. Finally, SG Americas Securities LLC raised its position 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 acquiring an additional 37,800 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WM shares. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Oppenheimer boosted their target price on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $226.11.

Waste Management Trading Up 0.9 %

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 stock has a market cap of $88.48 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. The company has a fifty day moving average price of $209.76 and a two-hundred day moving average price of $209.06. 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 (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

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

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.