Angeles Wealth Management LLC Increases Holdings in Waste Management, Inc. (NYSE:WM)

Angeles Wealth Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,863 shares of the business services provider’s stock after purchasing an additional 807 shares during the quarter. Angeles Wealth Management LLC’s holdings in Waste Management were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates increased its holdings in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. purchased a new stake in shares of Waste Management in the fourth quarter worth $29,000. Sugar Maple Asset Management LLC purchased a new position in Waste Management during the fourth quarter worth about $35,000. Finally, Richardson Financial Services Inc. increased its stake in Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Transactions at Waste Management

In other news, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the completion of the transaction, the senior vice president now owns 18,531 shares in the company, valued at $4,185,967.59. This trade represents a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,055 shares of company stock valued at $3,578,340. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WM. Citigroup boosted their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Raymond James lifted their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. CIBC raised their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets upped their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Price Performance

WM stock opened at $224.94 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm’s 50-day moving average price is $211.84 and its two-hundred day moving average price is $211.39. The stock has a market capitalization of $90.28 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 12-month low of $187.48 and a 12-month high of $230.39.

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

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

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.