IAM Advisory LLC Has $2.28 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

IAM Advisory LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,315 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. Waste Management makes up 0.6% of IAM Advisory LLC’s holdings, making the stock its 29th biggest holding. IAM Advisory LLC’s holdings in Waste Management were worth $2,283,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WM. Nordea Investment Management AB increased its holdings in Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. Trium Capital LLP increased its stake in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 3,029 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares during the last quarter. Principal Financial Group Inc. boosted its position in Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after buying an additional 28,266 shares during the period. Finally, Czech National Bank increased its position in Waste Management by 6.4% in the 4th quarter. Czech National Bank now owns 79,192 shares of the business services provider’s stock valued at $15,980,000 after acquiring an additional 4,798 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated 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 sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.4 %

Shares of Waste Management stock opened at $211.79 on Friday. The stock has a market capitalization 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. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39. The stock has a 50 day moving average price of $213.80 and a two-hundred day moving average price of $211.24. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on WM. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC increased their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Scotiabank assumed coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective on the stock. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.72.

Waste Management 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.