CreativeOne Wealth LLC Acquires 1,612 Shares of Waste Management, Inc. (NYSE:WM)

CreativeOne Wealth LLC increased its position in Waste Management, Inc. (NYSE:WM) by 99.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,226 shares of the business services provider’s stock after buying an additional 1,612 shares during the quarter. CreativeOne Wealth LLC’s holdings in Waste Management were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates lifted its stake in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. purchased a new position in Waste Management in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at $33,000. Hurley Capital LLC bought a new stake in Waste Management in the 4th quarter worth approximately $34,000. Finally, Sugar Maple Asset Management LLC bought a new position in Waste Management in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, SVP Johnson Varkey sold 124 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $234.96, for a total value of $29,135.04. Following the completion of the transaction, the senior vice president now owns 8,491 shares in the company, valued at $1,995,045.36. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares in the company, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is owned by insiders.

Waste Management Stock Performance

Shares of NYSE:WM opened at $230.84 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $92.87 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The firm has a 50 day moving average of $227.89 and a 200 day moving average of $218.96. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.825 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, March 14th. Waste Management’s dividend payout ratio is currently 48.53%.

Wall Street Analyst Weigh In

WM has been the topic of several analyst reports. Citigroup lifted their price target on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. UBS Group raised their price target on Waste Management from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, April 11th. Raymond James upped their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Oppenheimer lifted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Nine investment 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. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $237.76.

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.