Encompass Wealth Advisors LLC Takes $85,000 Position in Waste Management, Inc. (NYSE:WM)


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Encompass Wealth Advisors LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 721 shares of the business services provider’s stock, valued at approximately $85,000.

Other institutional investors have also recently made changes to their positions in the company. Childress Capital Advisors LLC purchased a new position in Waste Management in the fourth quarter valued at about $26,000. Amundi Pioneer Asset Management Inc. grew its stake in Waste Management by 11.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,548,954 shares of the business services provider’s stock valued at $182,670,000 after purchasing an additional 164,417 shares during the last quarter. Alliance Wealth Advisors LLC purchased a new position in Waste Management in the fourth quarter valued at about $459,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Waste Management in the fourth quarter valued at about $16,438,000. Finally, Dimensional Fund Advisors LP grew its stake in Waste Management by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,876,112 shares of the business services provider’s stock valued at $221,236,000 after purchasing an additional 42,596 shares during the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.

In other Waste Management news, SVP Nikolaj H. Sjoqvist sold 1,391 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $111.51, for a total transaction of $155,110.41. Following the transaction, the senior vice president now owns 39,769 shares of the company’s stock, valued at $4,434,641.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael J. Watson sold 432 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $111.29, for a total value of $48,077.28. Following the transaction, the vice president now directly owns 18,748 shares in the company, valued at approximately $2,086,464.92. The disclosure for this sale can be found here. Insiders have sold 31,683 shares of company stock worth $3,765,485 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on WM. Robert W. Baird lowered Waste Management from an “outperform” rating to a “neutral” rating and cut their target price for the company from $128.00 to $122.00 in a research note on Tuesday, February 16th. Raymond James lowered their price target on Waste Management from $131.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, February 25th. The Goldman Sachs Group initiated coverage on Waste Management in a report on Wednesday. They issued a “buy” rating and a $145.00 price target for the company. Finally, Morgan Stanley lowered their price target on Waste Management from $122.00 to $121.00 and set an “equal weight” rating for the company in a report on Thursday, February 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Waste Management currently has an average rating of “Hold” and a consensus target price of $119.21.

Waste Management stock opened at $132.41 on Thursday. The stock has a market capitalization of $56.03 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 4.70 and a beta of 0.72. Waste Management, Inc. has a 12 month low of $90.91 and a 12 month high of $133.23. The business has a 50 day simple moving average of $120.40 and a 200-day simple moving average of $116.96. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.88 and a quick ratio of 0.86.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, February 18th. The business services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.98 billion. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. On average, equities research analysts anticipate that Waste Management, Inc. will post 3.84 EPS for the current fiscal year.

Waste Management declared that its Board of Directors has approved a stock buyback plan on Monday, December 14th that allows the company to repurchase $1.35 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $2.30 dividend on an annualized basis and a yield of 1.74%. This is a positive change from Waste Management’s previous quarterly dividend of $0.55. Waste Management’s payout ratio is 52.27%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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