Integrated Wealth Concepts LLC Has $5.55 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Integrated Wealth Concepts LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,505 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. Integrated Wealth Concepts LLC’s holdings in Waste Management were worth $5,550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after buying an additional 276,287 shares in the last quarter. McIlrath & Eck LLC increased its position in shares of Waste Management by 0.7% in the third quarter. McIlrath & Eck LLC now owns 12,706 shares of the business services provider’s stock worth $2,638,000 after purchasing an additional 84 shares during the period. Aldebaran Financial Inc. raised its stake in Waste Management by 4.6% in the third quarter. Aldebaran Financial Inc. now owns 11,210 shares of the business services provider’s stock valued at $2,327,000 after purchasing an additional 489 shares in the last quarter. World Investment Advisors LLC grew its stake in Waste Management by 245.6% during the third quarter. World Investment Advisors LLC now owns 9,413 shares of the business services provider’s stock worth $1,954,000 after buying an additional 6,689 shares in the last quarter. Finally, Arvest Bank Trust Division bought a new position in Waste Management in the 3rd quarter valued at about $562,000. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, SVP Johnson Varkey sold 124 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the sale, the senior vice president now owns 8,491 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,577 shares of company stock valued at $21,662,464. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.4 %

Shares of WM stock opened at $228.28 on Friday. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $239.32. The business’s fifty day moving average is $227.95 and its 200 day moving average is $219.67. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The company has a market capitalization of $91.84 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66.

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

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s dividend payout ratio is 48.53%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Citigroup increased their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Scotiabank increased their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. Finally, Raymond James upped their price target on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.28.

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.