Bar Harbor Wealth Management Purchases 1,073 Shares of Waste Management, Inc. (NYSE:WM)

Bar Harbor Wealth Management grew its position in shares of Waste Management, Inc. (NYSE:WM) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,695 shares of the business services provider’s stock after acquiring an additional 1,073 shares during the quarter. Bar Harbor Wealth Management’s holdings in Waste Management were worth $5,589,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WM. Nordea Investment Management AB grew its position in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares in the last quarter. Trium Capital LLP grew its holdings in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after acquiring an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after acquiring an additional 28,266 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after purchasing an additional 2,800 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Price Performance

Shares of WM traded down $0.13 during trading hours on Monday, hitting $207.12. 948,908 shares of the company were exchanged, compared to its average volume of 1,664,906. The company has a market cap of $83.13 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.36 and a beta of 0.77. The firm’s fifty day moving average is $214.76 and its 200 day moving average is $211.33. Waste Management, Inc. has a fifty-two week low of $180.17 and a fifty-two week high of $230.39. 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 (NYSE:WM) last issued its quarterly 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. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. CIBC upped their price objective on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Scotiabank assumed coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Finally, StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Ten 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.72.

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.