Axxcess Wealth Management LLC Has $2.31 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Axxcess Wealth Management LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 194.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,867 shares of the business services provider’s stock after purchasing an additional 8,492 shares during the period. Axxcess Wealth Management LLC’s holdings in Waste Management were worth $2,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilfoyle & Co LLC acquired a new stake in shares of Waste Management during the fourth quarter worth about $30,000. Millburn Ridgefield Corp acquired a new stake in Waste Management in the 3rd quarter valued at about $35,000. Rational Advisors LLC acquired a new position in shares of Waste Management during the 3rd quarter worth approximately $41,000. Annapolis Financial Services LLC lifted its holdings in Waste Management by 40.1% during the 3rd quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 93 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Waste Management in the third quarter valued at $51,000. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the sale, the executive vice president now directly owns 29,677 shares in the company, valued at $6,217,331.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Waste Management news, CFO Devina A. Rankin sold 775 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.58, for a total transaction of $153,899.50. Following the completion of the sale, the chief financial officer now owns 75,204 shares in the company, valued at $14,934,010.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,007 shares of company stock valued at $3,696,520. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Up 0.3 %

WM traded up $0.72 during trading on Friday, hitting $207.88. 2,237,956 shares of the company’s stock traded hands, compared to its average volume of 1,702,229. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54. The company’s 50 day simple moving average is $208.92 and its two-hundred day simple moving average is $188.64. The stock has a market capitalization of $83.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.71 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm posted $1.31 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WM shares. Citigroup lifted their price target on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. HSBC downgraded Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research note on Thursday, February 15th. Stifel Nicolaus upped their price objective on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Raymond James upped their target price on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group raised their price target on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.24.

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.