Summit Trail Advisors LLC Buys 1,447 Shares of Waste Management, Inc. (NYSE:WM)

Summit Trail Advisors LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,119 shares of the business services provider’s stock after purchasing an additional 1,447 shares during the quarter. Summit Trail Advisors LLC’s holdings in Waste Management were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WM. Activest Wealth Management raised its stake in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates increased its position in 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 purchasing an additional 125 shares during the period. General Partner Inc. purchased a new position in Waste Management during the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management in the 4th quarter valued at about $35,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the transaction, the executive vice president now owns 45,542 shares of the company’s stock, valued at $10,046,109.78. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now directly owns 9,152 shares in the company, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock valued at $3,578,340 in the last 90 days. 0.18% of the stock is owned by insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $225.95 on Tuesday. The firm has a market cap of $90.69 billion, a PE ratio of 33.23, a PEG ratio of 2.70 and a beta of 0.78. The firm has a fifty day moving average of $211.84 and a 200 day moving average of $211.35. 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, Inc. has a one year low of $187.48 and a one year high of $230.39.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent analyst reports. CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Raymond James raised their price target on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Scotiabank raised their price target on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

About Waste Management

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.