Penn Davis Mcfarland Inc. Has $11.60 Million Holdings in Waste Management, Inc. (NYSE:WM)

Penn Davis Mcfarland Inc. decreased its holdings in Waste Management, Inc. (NYSE:WM) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,480 shares of the business services provider’s stock after selling 550 shares during the quarter. Waste Management accounts for about 1.3% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 24th largest holding. Penn Davis Mcfarland Inc.’s holdings in Waste Management were worth $11,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. M.E. Allison & CO. Inc. bought a new stake in shares of Waste Management during the 4th quarter valued at $290,000. Diversify Advisory Services LLC increased its holdings in Waste Management by 6.0% in the 4th quarter. Diversify Advisory Services LLC now owns 8,524 shares of the business services provider’s stock valued at $1,767,000 after buying an additional 482 shares during the period. Diversify Wealth Management LLC raised its position in shares of Waste Management by 13.1% in the 4th quarter. Diversify Wealth Management LLC now owns 12,565 shares of the business services provider’s stock valued at $2,604,000 after buying an additional 1,453 shares in the last quarter. City Holding Co. lifted its holdings in shares of Waste Management by 0.9% during the 4th quarter. City Holding Co. now owns 48,854 shares of the business services provider’s stock worth $9,858,000 after acquiring an additional 454 shares during the period. Finally, Hall Laurie J Trustee increased its stake in Waste Management by 0.5% in the fourth quarter. Hall Laurie J Trustee now owns 26,355 shares of the business services provider’s stock valued at $5,318,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Oppenheimer increased their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $211.79 on Monday. The company has a market capitalization of $85.01 billion, a PE ratio of 32.38, a P/E/G ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a fifty-two week low of $181.56 and a fifty-two week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a 50 day simple moving average of $213.80 and a two-hundred day simple moving average of $211.25.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. Research analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.