Endeavor Private Wealth Inc. Purchases New Holdings in Waste Management, Inc. (NYSE:WM)

Endeavor Private Wealth Inc. acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 608 shares of the business services provider’s stock, valued at approximately $123,000.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its holdings in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management in the fourth quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management in the second quarter valued at approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the topic of several analyst reports. Scotiabank began coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price target on the stock. Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Argus upped their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Stock Down 0.6 %

Shares of WM stock opened at $211.57 on Thursday. Waste Management, Inc. has a one year low of $183.00 and a one year high of $230.39. The stock has a market cap of $84.92 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a fifty day moving average price of $213.04 and a 200 day moving average price of $211.29.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current 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. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management’s payout ratio is presently 45.87%.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The stock was 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. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.