Lindbrook Capital LLC Has $430,000 Holdings in Waste Management, Inc. (NYSE:WM)

Lindbrook Capital LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 48.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the business services provider’s stock after buying an additional 788 shares during the quarter. Lindbrook Capital LLC’s holdings in Waste Management were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its position in shares of Waste Management by 110,208.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,778,550 shares of the business services provider’s stock valued at $749,659,000 after purchasing an additional 4,774,218 shares during the last quarter. Norges Bank acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $658,370,000. Goldman Sachs Group Inc. grew its position in shares of Waste Management by 153.4% in the second quarter. Goldman Sachs Group Inc. now owns 3,694,489 shares of the business services provider’s stock valued at $640,698,000 after purchasing an additional 2,236,280 shares during the last quarter. Morgan Stanley grew its position in shares of Waste Management by 30.4% in the fourth quarter. Morgan Stanley now owns 7,370,481 shares of the business services provider’s stock valued at $1,156,281,000 after purchasing an additional 1,718,449 shares during the last quarter. Finally, Imprint Wealth LLC grew its position in shares of Waste Management by 17,627.7% in the second quarter. Imprint Wealth LLC now owns 1,401,200 shares of the business services provider’s stock valued at $140,120,000 after purchasing an additional 1,393,296 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 1.0 %

Shares of WM opened at $207.07 on Monday. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The stock has a market capitalization of $83.10 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.14 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90. The stock has a fifty day moving average of $207.30 and a 200-day moving average of $185.40.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company earned $1.30 EPS. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 6.88 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s dividend payout ratio is presently 53.00%.

Insider Activity

In related news, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at approximately $1,640,641.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at approximately $1,640,641.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock worth $3,696,520. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WM. JPMorgan Chase & Co. upped their target price on Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. HSBC downgraded Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Thursday, February 15th. Oppenheimer increased their price target on Waste Management from $188.00 to $212.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada assumed coverage on Waste Management in a research report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.85.

Get Our Latest Analysis on WM

Waste Management Company Profile

(Free Report)

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.

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

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