Waste Management, Inc. (NYSE:WM) Shares Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,929 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Waste Management were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WM. Activest Wealth Management lifted its stake in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake 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 acquiring an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the fourth quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management during the 2nd quarter worth $36,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Waste Management during the second quarter worth $39,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Waste Management stock opened at $211.79 on Friday. The firm has a market cap of $85.01 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. 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 52-week low of $181.56 and a 52-week high of $230.39. The company’s 50 day moving average is $214.05 and its two-hundred day moving average is $211.22.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Buying and Selling at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were 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 in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Argus upped their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.72.

About Waste Management

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.