Moss Adams Wealth Advisors LLC Has $257,000 Stake in Waste Management, Inc. (NYSE:WM)

Moss Adams Wealth Advisors LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,273 shares of the business services provider’s stock after purchasing an additional 83 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Waste Management were worth $257,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Activest Wealth Management increased 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 worth $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. acquired a new position in Waste Management during the 4th quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management in the 2nd quarter worth $36,000. Finally, Fairscale Capital LLC bought a new position in shares of Waste Management during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM stock opened at $211.79 on Friday. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39. The stock has a market capitalization of $85.01 billion, a PE ratio of 32.38, a PEG ratio of 2.10 and a beta of 0.77. 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 stock’s fifty day moving average is $213.80 and its 200-day moving average is $211.24.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. William Blair began coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Morgan Stanley raised their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, UBS Group raised their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $230.72.

Insider Buying and Selling at Waste Management

In other Waste Management 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 transaction 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. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.