InTrack Investment Management Inc Purchases New Position in Waste Management, Inc. (NYSE:WM)

InTrack Investment Management Inc acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,846 shares of the business services provider’s stock, valued at approximately $797,000.

Several other institutional investors have also modified their holdings of the stock. Activest Wealth Management grew its position in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new position in Waste Management in the 4th quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in Waste Management during the 2nd quarter valued at about $36,000. Finally, Fairscale Capital LLC purchased a new stake in Waste Management in the 2nd quarter valued at about $39,000. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. William Blair initiated coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Oppenheimer increased their price target on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Trading Up 0.4 %

Shares of WM opened at $211.79 on Friday. The firm’s fifty day moving average is $214.05 and its two-hundred day moving average is $211.22. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market cap of $85.01 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a 52-week low of $181.56 and a 52-week high of $230.39.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company 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 in the prior year, the firm earned $1.63 EPS. Research analysts forecast that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.