Addison Capital Co Has $1.19 Million Stake in Waste Management, Inc. (NYSE:WM)

Addison Capital Co grew its holdings in Waste Management, Inc. (NYSE:WM) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,910 shares of the business services provider’s stock after acquiring an additional 188 shares during the period. Addison Capital Co’s holdings in Waste Management were worth $1,193,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $340,611,000. Parnassus Investments LLC increased its stake in shares of Waste Management by 22.5% in the 4th quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider’s stock valued at $1,265,629,000 after buying an additional 1,151,237 shares during the period. Swedbank AB raised its position in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Waste Management by 138.0% during the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after acquiring an additional 416,579 shares during the period. Finally, Robeco Schweiz AG bought a new position in Waste Management in the fourth quarter valued at about $60,668,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WM shares. Jefferies Financial Group cut their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Oppenheimer upped their target price on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Raymond James raised their price target on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, CIBC increased their target price on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.65.

Insider Transactions at Waste Management

In related news, SVP Johnson Varkey sold 124 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $234.96, for a total transaction of $29,135.04. Following the sale, the senior vice president now owns 8,491 shares in the company, valued at approximately $1,995,045.36. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John A. Carroll sold 1,251 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $225.92, for a total value of $282,625.92. Following the transaction, the chief accounting officer now directly owns 8,420 shares in the company, valued at $1,902,246.40. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock valued at $21,662,464 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Up 0.8 %

WM opened at $225.06 on Monday. The firm’s fifty day simple moving average is $220.52 and its 200 day simple moving average is $215.35. The stock has a market capitalization of $90.50 billion, a P/E ratio of 33.10, a P/E/G ratio of 2.71 and a beta of 0.75. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. As a group, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.825 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. Waste Management’s dividend payout ratio (DPR) is 48.53%.

Waste Management 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.