YHB Investment Advisors Inc. Boosts Position in Waste Management, Inc. (WM)

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YHB Investment Advisors Inc. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 14.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,134 shares of the business services provider’s stock after buying an additional 1,695 shares during the period. YHB Investment Advisors Inc.’s holdings in Waste Management were worth $1,169,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WM. Abner Herrman & Brock LLC boosted its position in Waste Management by 4.4% during the fourth quarter. Abner Herrman & Brock LLC now owns 2,788 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 118 shares during the last quarter. Hexavest Inc. acquired a new position in Waste Management during the fourth quarter valued at approximately $53,937,000. CHICAGO TRUST Co NA boosted its position in Waste Management by 11.4% during the fourth quarter. CHICAGO TRUST Co NA now owns 6,833 shares of the business services provider’s stock valued at $608,000 after purchasing an additional 700 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in Waste Management during the fourth quarter valued at approximately $81,000. Finally, Park National Corp OH boosted its position in Waste Management by 1.1% during the fourth quarter. Park National Corp OH now owns 10,654 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

Several research analysts recently commented on WM shares. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, November 26th. UBS Group set a $90.00 price target on Waste Management and gave the company a “hold” rating in a research report on Friday, October 26th. Raymond James reissued a “buy” rating on shares of Waste Management in a research report on Monday, October 29th. Oppenheimer reissued a “buy” rating and set a $95.00 price target on shares of Waste Management in a research report on Thursday, October 25th. Finally, Goldman Sachs Group raised Waste Management from a “sell” rating to a “buy” rating and raised their price objective for the company from $84.00 to $107.00 in a research report on Tuesday, December 4th. Seven analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $98.67.

WM opened at $93.65 on Friday. Waste Management, Inc. has a 12-month low of $78.39 and a 12-month high of $95.49. The company has a market capitalization of $39.17 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.04. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. As a group, equities research analysts anticipate that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were given a $0.465 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.99%. Waste Management’s payout ratio is 57.76%.

Waste Management announced that its board has authorized a stock buyback program on Thursday, December 13th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the business services provider to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In other news, VP Jeff M. Harris sold 24,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $2,205,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Devina A. Rankin sold 8,107 shares of Waste Management stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $94.41, for a total value of $765,381.87. Following the sale, the chief financial officer now directly owns 21,373 shares of the company’s stock, valued at $2,017,824.93. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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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