Tempus Wealth Planning LLC Purchases New Shares in Waste Management, Inc. (NYSE:WM)

Tempus Wealth Planning LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,260 shares of the business services provider’s stock, valued at approximately $599,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new position in Waste Management during the fourth quarter valued at $34,000. Atlas Private Wealth Management purchased a new position in Waste Management during the fourth quarter valued at $34,000. Mine & Arao Wealth Creation & Management LLC. purchased a new position in Waste Management during the fourth quarter valued at $35,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Waste Management by 48.1% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in Waste Management during the fourth quarter valued at $36,000. Institutional investors own 74.24% of the company’s stock.

In other Waste Management news, CEO James C. Fish, Jr. sold 67,425 shares of Waste Management stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $125.79, for a total transaction of $8,481,390.75. Following the completion of the sale, the chief executive officer now directly owns 355,982 shares in the company, valued at $44,778,975.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Charles C. Boettcher sold 1,217 shares of Waste Management stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $124.99, for a total transaction of $152,112.83. Following the sale, the senior vice president now owns 27,086 shares of the company’s stock, valued at $3,385,479.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,683 shares of company stock valued at $17,217,165. Company insiders own 0.14% of the company’s stock.

Several research firms have issued reports on WM. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Deutsche Bank raised their price target on shares of Waste Management from $123.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Benchmark raised shares of Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday, February 28th. Goldman Sachs Group downgraded shares of Waste Management from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research note on Friday, March 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Waste Management in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Waste Management currently has an average rating of “Buy” and a consensus price target of $125.93.

WM stock traded down $1.87 during trading on Tuesday, reaching $92.73. 280,199 shares of the stock were exchanged, compared to its average volume of 4,640,660. The company has a current ratio of 1.97, a quick ratio of 1.94 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $112.93 and a 200-day moving average price of $114.27. Waste Management, Inc. has a 1 year low of $85.34 and a 1 year high of $126.79. The firm has a market capitalization of $40.18 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 2.53 and a beta of 0.65.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Waste Management had a net margin of 10.81% and a return on equity of 28.14%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Waste Management’s quarterly revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 4.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is an increase from Waste Management’s previous quarterly dividend of $0.51. This represents a $2.18 dividend on an annualized basis and a yield of 2.35%. Waste Management’s payout ratio is 49.55%.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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