Baldwin Wealth Partners LLC MA Grows Stock Holdings in Waste Management, Inc. (NYSE:WM)

Baldwin Wealth Partners LLC MA grew its holdings in Waste Management, Inc. (NYSE:WM) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,415 shares of the business services provider’s stock after purchasing an additional 6,276 shares during the quarter. Waste Management comprises approximately 1.9% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 11th largest holding. Baldwin Wealth Partners LLC MA’s holdings in Waste Management were worth $27,325,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WM. International Assets Investment Management LLC raised its position in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the period. Swedbank AB increased its holdings in Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Parnassus Investments LLC increased its holdings in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after purchasing an additional 520,096 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Waste Management by 32.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Waste Management by 138.0% in the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after purchasing an additional 416,579 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on 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 approximately $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WM shares. BMO Capital Markets lifted their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus boosted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.39.

Waste Management Trading Up 0.8 %

Shares of Waste Management stock opened at $211.04 on Monday. The stock has a market cap of $84.71 billion, a PE ratio of 32.28, a PEG ratio of 2.17 and a beta of 0.77. The firm has a 50-day moving average of $212.64 and a 200-day moving average of $211.28. Waste Management, Inc. has a 52-week low of $184.72 and a 52-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.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

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

Waste Management Company 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.