Angeles Wealth Management LLC Has $780,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Angeles Wealth Management LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,863 shares of the business services provider’s stock after purchasing an additional 807 shares during the period. Angeles Wealth Management LLC’s holdings in Waste Management were worth $780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Waste Management by 19.4% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,428 shares of the business services provider’s stock valued at $305,000 after buying an additional 232 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in Waste Management by 4.2% in the fourth quarter. Miller Howard Investments Inc. NY now owns 28,852 shares of the business services provider’s stock valued at $5,822,000 after acquiring an additional 1,172 shares during the last quarter. Northeast Investment Management increased its position in Waste Management by 2.9% during the 4th quarter. Northeast Investment Management now owns 132,824 shares of the business services provider’s stock valued at $26,803,000 after purchasing an additional 3,769 shares during the period. Birch Hill Investment Advisors LLC raised its holdings in Waste Management by 3.7% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,101 shares of the business services provider’s stock worth $1,231,000 after purchasing an additional 220 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Waste Management in the 4th quarter valued at $6,066,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.0 %

WM stock opened at $224.94 on Monday. The firm has a market capitalization of $90.28 billion, a PE ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39. The stock’s 50 day moving average is $211.84 and its 200-day moving average is $211.39.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Waste Management’s dividend payout ratio is currently 44.12%.

Insider Transactions at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 5,826 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the transaction, the chief financial officer now directly owns 69,442 shares in the company, valued at $15,424,457.04. The trade was a 7.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock worth $3,578,340 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Argus lifted their target price 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. Royal Bank of Canada boosted their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group dropped their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Oppenheimer raised their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $234.50.

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.