Marble Wealth LLC Invests $833,000 in Waste Management, Inc. $WM

Marble Wealth LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,791 shares of the business services provider’s stock, valued at approximately $833,000.

Several other institutional investors have also modified their holdings of the company. Mccarter Private Wealth Services LLC purchased a new stake in shares of Waste Management during the 4th quarter worth $291,000. Capital Innovations LLC purchased a new stake in shares of Waste Management during the 4th quarter worth $6,896,000. Calton & Associates Inc. raised its stake in Waste Management by 10.1% during the 4th quarter. Calton & Associates Inc. now owns 1,795 shares of the business services provider’s stock worth $394,000 after acquiring an additional 164 shares in the last quarter. Natixis Advisors LLC raised its stake in Waste Management by 22.4% during the 4th quarter. Natixis Advisors LLC now owns 704,977 shares of the business services provider’s stock worth $154,890,000 after acquiring an additional 129,124 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in Waste Management by 20.6% during the 4th quarter. Root Financial Partners LLC now owns 872 shares of the business services provider’s stock worth $192,000 after acquiring an additional 149 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WM shares. Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird lifted their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Barclays lifted their price target on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wolfe Research started coverage on shares of Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Insider Activity

In other news, COO John J. Morris sold 4,211 shares of Waste Management stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $243.38, for a total value of $1,024,873.18. Following the sale, the chief operating officer owned 99,929 shares of the company’s stock, valued at $24,320,720.02. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Johnson Varkey sold 121 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $245.27, for a total transaction of $29,677.67. Following the sale, the senior vice president directly owned 9,293 shares in the company, valued at approximately $2,279,294.11. This represents a 1.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,494 shares of company stock worth $3,054,863. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 2.9%

Shares of NYSE:WM opened at $217.98 on Thursday. The company has a market cap of $87.54 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.22 and a beta of 0.45. The firm’s 50-day simple moving average is $223.81 and its 200-day simple moving average is $224.42. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, equities research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.945 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s payout ratio is presently 54.70%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.