Greenleaf Trust Has $757,000 Stake in Waste Management, Inc. (NYSE:WM)


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Greenleaf Trust raised its position in Waste Management, Inc. (NYSE:WM) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,422 shares of the business services provider’s stock after purchasing an additional 808 shares during the period. Greenleaf Trust’s holdings in Waste Management were worth $757,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. Sontag Advisory LLC increased its holdings in Waste Management by 4.0% in the 3rd quarter. Sontag Advisory LLC now owns 2,306 shares of the business services provider’s stock worth $261,000 after buying an additional 89 shares in the last quarter. YHB Investment Advisors Inc. grew its stake in shares of Waste Management by 0.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 11,719 shares of the business services provider’s stock valued at $1,382,000 after purchasing an additional 90 shares during the period. Griffin Asset Management Inc. grew its stake in shares of Waste Management by 1.1% during the 4th quarter. Griffin Asset Management Inc. now owns 8,475 shares of the business services provider’s stock valued at $999,000 after purchasing an additional 90 shares during the period. Winslow Evans & Crocker Inc. grew its stake in shares of Waste Management by 10.6% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 973 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 93 shares during the period. Finally, Clearstead Advisors LLC grew its stake in shares of Waste Management by 5.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,764 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 71.42% of the company’s stock.

In other Waste Management news, CAO Leslie K. Nagy sold 392 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $111.33, for a total transaction of $43,641.36. Following the transaction, the chief accounting officer now owns 4,891 shares in the company, valued at approximately $544,515.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank M. Clark sold 301 shares of the business’s stock in a transaction that occurred on Thursday, January 21st. The stock was sold at an average price of $114.14, for a total value of $34,356.14. Following the transaction, the director now owns 33,004 shares in the company, valued at approximately $3,767,076.56. The disclosure for this sale can be found here. Insiders sold a total of 36,260 shares of company stock valued at $4,317,309 over the last three months. Company insiders own 0.16% of the company’s stock.

WM stock opened at $110.56 on Tuesday. The business has a fifty day moving average of $114.21 and a two-hundred day moving average of $115.01. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.39. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 4.70 and a beta of 0.72. Waste Management, Inc. has a 52-week low of $85.34 and a 52-week high of $125.76.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, February 18th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 3.84 EPS for the current year.

Waste Management announced that its board has initiated a share repurchase plan on Monday, December 14th that authorizes the company to repurchase $1.35 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

A number of research analysts have recently weighed in on WM shares. Morgan Stanley lifted their price objective on Waste Management from $121.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 6th. Oppenheimer boosted their price target on Waste Management from $123.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. CIBC lifted their price objective on Waste Management from $117.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Waste Management from $111.00 to $119.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Finally, Raymond James lifted their price objective on Waste Management from $120.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Waste Management currently has a consensus rating of “Hold” and an average target price of $117.57.

Waste Management 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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